Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Diversification gathers pace

Staff Reporter 1 minute read

Insurance is fast becoming a significant product offering for brokers, according to Choice Aggregation Services (CAS) CEO Brendan O’Donnell.

CAS members recently achieved the milestone of $2 billion written in mortgage protection cover with Australian Life Insurance.

According to O’Donnell the sharp up-take from Choice members in offering insurance bares testament to the momentum diversification now has across the industry.

“Such a substantial level of insurance clearly demonstrates that we are now operating as a truly diversified industry, not just talking about it,” he said.

Mr O’Donnell also believes the significant level of cover now written by brokers reflected a growing acceptance from consumers that brokers are a preferred channel for products above and beyond residential mortgages.

Advertisement
Advertisement

“The broker market is maturing and clients now increasingly trust their broker to provide products above and beyond residential mortgages,” he said.

Diversification gathers pace
default
TheAdviser logo
default
more from the adviser
houseandmoneyrates ‘Don’t rush in’: Risks of new housing scheme flagged

Broker support is critical for borrowers looking to capitalise on...

speed boat ta AFG welcomes specialist lender to its panel

The aggregator has welcomed specialty asset finance lender Austra...

business handshake 2 Finsure expands third-party team, appoints new BDMs

The mortgage aggregator has announced the appointment of new busi...

FROM THE WEB