MetLife scores group insurance mandate

MetLife has won a group insurance mandate from an $8.8 billion superannuation fund.

Tasplan appointed MetLife to deliver insurance offerings to its 145,000 members, replacing incumbent group insurer CommInsure.

Tasplan chief operations officer Nick Connor said the partnership with MetLife would give members a strong offering to help them navigate the changing landscape of insurance inside super.

"Tasplan are committed to delivering excellent customer service and returns for our members and MetLife demonstrated its ability to form a unique partnership that aligns with our values and addresses the specific needs of the fund," Connor said.

He said the proposed Federal Budget changes to insurance inside super pose another level of complexity and uncertainty, and the fund needed to partner with an organisation that can respond to these changes and evolve with Tasplan and its members.

"We understand the value of insurance in superannuation and the importance of default insurance which offers our members value for money protection," he said.

"The member experience is critically important to Tasplan and the ability to offer digital solutions that make the process of both applying and claiming fast and easy, was also high on our priority list."

MetLife acting chief executive Vince Watt said: "Obviously, we're delighted to be chosen as their insurance partner and we believe that strong cultural fit and customer focus will give Tasplan's members a great insurance inside super offering."

"We know there is no 'one size fits all' and we look forward to working with Tasplan to deliver something really special for their members," Watt added.

Tasplan is a public offer super fund open to members working across different industries.

Read more: TasplanMetLifeNick ConnorVince Watt
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