Mutual insurance returns to market

As reported by Good Returns earlier PPS Mutual has has been working on setting up New Zealand operations including hires from other life companies.

This week it has been granted a licence to operate, and it has been doing adviser induction courses prior to the licence being granted.

It is a return to the mutual approach where policyholders share in the company’s financial success through its Profit Share Benefit.

“We’re proud to be offering a model that underpins our belief that success is better shared, prioritises and rewards our members,” PPS Mutual chief executive Billy Lynch says.