Clockwise from left: Roundtable participants included Darryl Pereira, TurksLegal, Gerard Kerr, OnePath, and Ben Marshan, Financial Planning Association of Australia, facilitated by Kate Cowling.
18 May 2018
Advice leaders discuss the big insurance issues
OnePath sponsored a roundtable discussion with Professional Planner to discuss the way forward for the insurance industry and tackle some of the key challenges it’s facing.
In this three part video series, you’ll hear from industry figures in a frank discussion with OnePath. Participants were asked their thoughts privately, these were captured in these three informative videos to give you the inside story.
Other issues raised among roundtable participants included claim exclusions on mental health grounds and the imperative to reduce the exclusion period. There was also discussion around the perception in the broader community that life insurance claims were not paid. The call to communicate and educate with the actual figures of claims paid by the industry to counter this was unanimous amongst the group.
There was also universal agreement amongst participants that insurance has an important role in society but there was also recognition that the industry needs to get reform right. “Every challenge gives you an opportunity,” said OnePath head of life insurance Gerard Kerr.
Read Professional Planner’s roundtable summary, ‘Which way to cover?’
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