The YFYS impact: redefining member cohorts pre and post mergers

When group life insurance was embedded within superannuation, there were clear distinctions between funds within an occupational member recruitment model. Mergers have made fund members more heterogeneous, meaning there is less similarity around roles performed and associated. This session discussed the implications for delivering group insurance as funds draw members across various ages, employment types and risk factors.
  •     What is the future for automatic insurance?
  •     Who should be given the choice to opt-in?
  •     What would super stapling mean for the industry?
Speakers: Noel Lacey, Head of insurance, Cbus Jenni Baxter, Partner, Deloitte Moderator: Matthew Smith, Managing editor, Investment Magazine Click here to view Jenni’s slides Click here to view Noel’s slides[vc_empty_space height=”10px”]Further readingEngaging for a greener future[vc_empty_space height=”10px”]Poll result
Are you expecting the YFYS regulations to lead to fee increases for your members?
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Should insurance become more standardised across the funds in a stapled environment?
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Prevention better than cure in improving members’ insurance outcomes

The insurance industry has found success in shifting from just paying claims to rehabilitation programs that get as many people back to work as possible. Now its attention is turning to prevention program and reducing the incidence of insurance claims in the first place.

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