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Group Risk Insurance
Related Expertise
    
Key Contacts
  • Nick Galanakis
    Managing Director
    +61 3 9923 7176
    Email: Nick Galanakis
  • Ben Sherburn
    Account Director - Growth & Innovation
    +61 3 9923 7162
    Email: Ben Sherburn

      

Group Risk Insurance

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 and advice about the suitability and competitiveness of current arrangements.

  • 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 arrangements with insurer and fund administrators.

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

  • Mergers & Acquisitions, including advice, due diligence and implementation 
    Actuarial Services, including pricing and experience analysis, review of reasonableness of insurer pricing, insurance reserving strategies and impact of insurance on member retirement incomes.

     

 

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.

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