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Zurich secures Energy Super mandate
Zurich has secured a group insurance mandate from a Queensland industry super fund, its first since the acquisition of OnePath Life in June, 2019.
Energy Super, a specialist in the energy sector, manages $8 billion on behalf of 47,000 members.
Gerald Kerr, head of OnePath proposition and group insurance, said the mandate indicated the strength of the firm’s proposition in the group insurance market.
He said the firm’s claims service had been the deciding factor in winning the mandate from the super fund.
“Our strength in partnerships was recognised by Energy Super, in particular our approach to working alongside them to drive greater sustainability, efficiency and member engagement," Kerr said.
“Our award-winning claims service was also singled out as a factor in winning the mandate, in particular our innovative rehabilitation and wellness offering and our ability to develop deep insights from claims trends using artificial intelligence (AI) based models.”
Robyn Petrou, chief executive of Energy Super, said: “While we are energy sector specialists, our consistently low fees and high returns attract members from all industries, from right across Australia. This means our insurance products need to be flexible enough to cater to workers in lower-risk occupations".
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
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