Regulation should be carrot and stick: Cameron

AIA NZ boss Natalie Cameron said not doing that could mean New Zealand ended up with regulation that stifled the industry but did not help facilitate it.

It comes as her counterparts in Australia note a growing amount of insurance business being written through platforms, as advisers deal with regulation and a preference from clients for online access to their financial products.

“Advisers are increasingly finding platforms a simpler option to streamline administration and business efficiencies, while also providing easy access to client premium and claim data at the touch of a button,” said Pina Sciarrone, AIA Australia’s chief retail insurance officer.

AIA is running a discount campaign to reward advisers who write risk business through platforms in Australia.