Asteron keeps focus on sustainability
Suncorp New Zealand has released its 2016 full-year results, showing a net profit after tax of A$1.04 billion ($1.11b)
The New Zealand life business, which consists of Asteron Life and AA Life, grew its in-force portfolio by 8% to $230 million.
Cris Knell, executive general manager of distribution at Suncorp New Zealand, said that was due to its sustainable relationships with advisers and customer-retention strategy.
It has also introduced measures to address affordability, including launching a major trauma benefit and workability cover in disability insurance, offering bundling discounts and restructuring income protection cover.
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