MetLife wins Insurance Asia Award for Retail
Sydney July 17, 2019
MetLife Australia has won New Product of the Year at the Insurance Asia Awards 2019, for its unique modular Retail product offering MetLife Protect, less than 12 months since launch.
MetLife was handed the award last night at a gala event in Singapore, where the best of the best from the insurance industry from across the Asia region were recognised.
MetLife Protect was developed using extensive client and adviser research insights. The product is designed to overcome the traditional apathy that consumers feel towards insurance because of a “lack of connectedness”, and takes into consideration the rapidly changing macro social and economic factors in Australia such as the low wages growth, high levels of debt and the gig economy. It also enables financial planners to provide insurance solutions today and be flexible enough to provide solutions in the future as customers’ needs change.
Gary Bailison, MetLife Head of Individual Insurance, reflected on the win: “We’re really pleased to be recognised, especially at a regional level. We’ve worked in partnership with advisers and clients to design and deliver an innovative product that actually meets their needs, is flexible and responsive, and offers the market something different. As we continue to evolve in response to the rapidly changing market, we will keep supporting the advice community.”
“As we approach the 1st anniversary of MetLife Protect, we know the advice market and the life insurance industry is going through significant change. This is a time when we need to continue to work together – advisers and insurers – to make sure clients understand the value of advice and their cover, which is needed now more than ever.”
MetLife Protect was launched in August 2018 and is available through financial advisers. For more information, visit metlife.com.au/partnerships/advisers/metlife-protect/
Media Contact
Sarah Kelly
MetLife Australia
+61 (0)411 893 890
About MetLife
MetLife Insurance Limited (MetLife), an affiliate of MetLife, Inc., is a specialist provider of life insurance to affinity partners, superannuation trustees and employers in Australia. MetLife has expertise in designing and executing direct insurance programs for partners’ customers and insurance solutions to meet the needs of specific member groups. MetLife has been a specialist provider of life risk insurance products in Australia since 2005. For more information, visit metlife.com.au.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit metlife.com.