How Covid-19 has impacted Partners Life

Partners Life’s positive momentum continues with profitable growth in both in-force and new business volumes within a challenging market.

It said the result had been achieved through Partners’ focus on best-in-class product offerings, and a unique claims philosophy focused on fair customer outcomes and efficiencies.

The emergence of Covid-19 in the final quarter was expected to provide short-term headwinds; however the business was well-positioned to take advantage of opportunities as they arose.

Managing director Naomi Ballantyne said: “While the emergence of the Covid-19 pandemic has not had a material impact on this financial year, it is expected to provide market-wide challenges in the coming year. The biggest challenge in New Zealand is now likely to be related to the economy rather than an impact on people’s health.