Insurance

The high life for five-star Partners and Fidelity

Friday 17th of August 2012

Fidelity Life chief executive Milton Jennings said the company rated number one among advisers' for claims, supplier reputation, BDM support, administration and were "a country mile" ahead when it came to IT services.

Jennings said the company performed well across the board and that the results affirmed their efforts over the last year to improve underwriting and claims handling.

"We know we're making an impact in the market," he said.

Partners Life marketing manager Sally Cousins said the company achieved the highest overall adviser satisfaction score at 84% and was considered by advisers' to be one of the top providers for risk products including term, TPD, trauma and income protection.

She said innovative products, competitive premiums and good communication with advisers' were also cited as reasons for the company's strong performance in the survey.

Partners Life managing director Naomi Ballantyne said the results were especially pleasing as they provided validation from advisers "that together we're doing the right thing."

"It's particularly pleasing to receive such high ratings on product quality areas," she said.

The 2012 survey also reflected the fact advisers' have adapted to the new regulatory environment.

In the 2011 survey insurance company support around regulation and legal matters was cited as the most important factor determining overall satisfaction, something Jenning's said was "right down the priority list" in the latest survey.

He said advisers rated supplier reputation as the most important factor, followed by BDM support, underwriting and products.

Comments (2)
Simon Rule
I seem to recall Beaton surveying Sovnet brokers when Sovereign was using them. As far as I'm concerned any results received from an "aligned" Sovereign adviser defeated the whole point of Beaton conducting a satisfaction survey in the first place. If you want to know what advisers really think of you then don't ask advisers who place the bulk of their business with you by default.... As Dirty Harry says it makes the survey become irrelevant. No surprise Partners Life have ranked so well. Great products, good service levels and competitive premiums. Kind of hard to go past.
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12 years ago

Ray Storey
230% for the 'least cost' part of your recommendation, and a middling sum for the other much greater portion of the annual premium. You are a cynic indeed.
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12 years ago

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