21 February 2023
From 1 July 2023, we are moving our Group Insurance for our Local Government Industry members from our current partner TAL to Zurich. Zurich currently provides Group Insurance for the Energy Industry division of Brighter Super and is one of the largest insurance organisations in the country, with strong financial credentials.
The decision to review insurance partners is part of the ongoing review of products and services following the merger of LGIAsuper and Energy Super, and was started in the last quarter of 2022. The decision to consolidate our Group Insurance was ultimately guided by which offering was in the best financial interest of our members.
“We are excited at the opportunity to deepen our partnership with Brighter Super to support their members with great value and fantastic service. We have made a significant commitment to Group Insurance globally and are focused on bringing the best of the wider Zurich enterprise for the benefit of Brighter Super members” said Justin Delaney, Chief Executive Officer, Zurich Australia & New Zealand
Late last year, Brighter Super won the Money magazine Award for the Best Value Income Protection Insurance in Super - Men 2023, with a Zurich product offering, and it’s an accolade we are looking to replicate with other insurance offerings for our members.
Members will not see any changes to the terms of their policies or coverage because of this change at present, and we will keep you updated with new products and offerings as they are developed.
You should refer to respective research houses (and their disclaimers) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated. Ratings are current as at date of publication. Some previous ratings were awarded to the Fund under the LGIAsuper brand. Brighter Super pays a fee to some research houses for rating our funds.