Wealthpoint to drive growth for insurance and lending advisers

Wealthpoint has created a senior position to lead work on delivering a core component of the group’s new three-year strategic plan. This strategy, endorsed by the Wealthpoint board in May, sees the group focus on ongoing growth through an industry leading customer proposition across all four key advice disciplines of investments, life and health insurance, general insurance and mortgages.

Evan Cavanagh will join the co-operative in mid-July as Head of Insurance and Lending. He has more than 20 years’ experience in the insurance industry having previously worked as a claims manager, senior underwriter and strategic alliances account manager in roles with Sovereign and Fidelity Life.

His most recent role was to lead the insurance products team at New Zealand Home Loans where he was responsible for growing their insurance capability and sales activity.

Mark Nalder, Wealthpoint’s Head of Strategy and Growth, says that this new role was created in response to member feedback that it has become increasingly difficult to connect clients to the life and health insurance advice and products solutions they need. Underinsurance, a perennial issue in New Zealand, is not improving and some financial advisers are pivoting to other advice specialties or leaving the industry altogether.