With two leading global insurance companies behind our core product, Loan Protection Plan, mortgage brokers can be confident in ALI’s risk solution offering for their clients.
We chosen to partner with these groups because they have the expertise, resources and flexibility to help us review and improve our products in the future to meet the continually changing needs of Australian home buyers.
During challenging and uncertain economic times it is paramount that the insurer you select has the ability to continually pay claims. By selecting Hannover, you have the confidence in knowing that we have a long term commitment to the Australian life insurance market, we are financially strong and we have the resources and capital reserves to meet present and future claims
Hannover has been operating in the Australian market since 1958 and at 31 December 2014 our total annual in force premium was approximately $1.2 billion.
Hannover is a wholly-owned subsidiary of Hannover Re, one of the world’s leading global life reinsurance groups. Hannover Re transacts all lines of non-life and life & health reinsurance and is present on all continents with around 2,400 staff. At 31 December 2014, Hannover Re had total assets of €60.5 billion and gross annual premium income of €14.4 billion.
About QBE Insurance (Australia)
QBE Insurance (Australia) Limited is the largest Australian owned general insurer and reinsurer, and has been taking care of the insurance needs of Australians since 1886.
In Australia, QBE provides localised services from more than 30 offices spanning each state and territory.
QBE continue to develop their ability to deliver a broad competitive product range, high levels of service (in particular claims service) and a degree of flexibility their competitors find difficult to match.
QBE have won numerous awards and were named General Insurer of the Year by the National Insurance Brokers Association (NIBA) from 2002-2012, and this is arguably the industry's highest accolade.