IFS Insurance Solutions is at the leading edge of the Group Risk insurance market in respect of product review, strategy development and tender services.

 

We can provide funds with the following consulting services:

• Due diligence and strategy development services to assist superannuation funds in aligning insurance to business objectives, including member retention and new member growth.

• Insurance product review and product development, including contract review, service development and identification of key areas of improvement.

• Financial performance analysis of insurance arrangements, including analysis of claims experience.

• Benchmarking of insurance arrangements against competitor funds.

• Best practice insurance processes, including data management, claims and underwriting.

• Tender management services, including tender preparation, negotiation, placement and the implementation of new arrangements with fund administrators.

• Insurance management services, including implementation of service agreements, review of claims, insurer performance and administration effectiveness and ongoing compliance with contractual obligations.

 

Our approach to client advocacy is embedded in our culture and is the driving force of our business. This approach, coupled with the capability of our staff and leverage in the market, means we are well positioned to achieve outstanding results for funds.

 

Classes of Insurance

• Death and Total & Permanent Disablement

• Income Protection / Salary Continuance

• Income protection under EBAs

• Key person insurance

• Trauma insurance

 

For more information on Group Risk Insurance please contact us.