[GRTV] Full Interview: Sam Tremethick

With me now, is Sam Tremethick from AIA. Sam's in charge of the partnerships the company works with.
At AIA, what has your claims experience been around Covid?

Good question. We've had a number of redundancy claims come through, as a result. Whilst it's not significant, it's not insignificant. And obviously that's a reflection of the economy.
The other interesting thing is we've dealt with two death claims, as a direct result of Covid. And whilst it's a tragic circumstance, it's really humbling to be there for [the] families that need.
I think, interestingly though, if we've got the 30% market share, and we just do the numbers, that may be six of the 22 victims that have been insured.

So is that low?

Essentially 75% of victims haven't had cover. Some of it, you could argue, might be product design. But I think what we really need to call out is, there's a massive under-insurance problem still here in New Zealand.