Get notifications in real-time for staying up to date with content that matters to you.
Australian Life Insurance (ALI) today announced it has written over $10 billion in mortgage protection cover via the third-party channel.
Brian Pillemer, ALI’s executive director and head of distribution, said the current funding environment and a slowing in property market activity have boosted interest in cross selling insurance products amongst brokers.
“As brokers start to feel pressured by bank commission cuts as well as a volume downturn in residential lending, the addition of mortgage protection can give any broker a much needed cash flow boost,” he said.
ALI has written more than 40,000 policies through mortgage brokers since it introduced mortgage protection insurance to third-party distribution in 2003.
Published: 31-07-08
ASIC’s raised industry funding levies reflect higher enforcemen...
Construction and retail trade have fuelled business loan growth i...
The majority of Australian borrowers think applying for a home lo...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
