Guild Insurance and EML Group Announce Strategic Partnership
Enhancing Insurance Services for Australian Professionals Through Collaboration
0
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Guild Insurance and EML Group have announced a strategic partnership aimed at strengthening their collective ability to deliver high-quality insurance and claims solutions across Australia.
This collaboration introduces a new ownership structure for Guild Insurance, with EML Group leading alongside Guild Group, representing the Pharmacy Guild of Australia, which remains a key shareholder.
The partnership is designed to enhance Guild Insurance's capacity to serve its purpose-supporting those whom communities rely on-by combining the expertise and resources of both organisations. This alliance is expected to result in improved services and coverage options for professionals in various sectors, including the beauty industry.
For beauty professionals, this development signifies potential benefits such as more tailored insurance products, enhanced claims support, and access to a broader range of resources. The partnership underscores a commitment to evolving alongside the expanding scope of practice within industries like beauty and aesthetics.
Guild Insurance will continue to operate as a standalone insurer, maintaining its brand and operational management. Customers can expect continuity in the products and services they currently rely on, with the added advantage of innovations stemming from this strategic partnership.
Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.
The Australian cosmetic nursing industry has experienced significant growth, driven by increasing demand for non-surgical cosmetic procedures such as injectables and skin treatments. This expansion has led to heightened scrutiny and the implementation of new regulations aimed at ensuring patient safety and professional accountability. - read more
Guild Insurance and EML Group have announced a strategic partnership aimed at strengthening their collective ability to deliver high-quality insurance and claims solutions across Australia. This collaboration introduces a new ownership structure for Guild Insurance, with EML Group leading alongside Guild Group, representing the Pharmacy Guild of Australia, which remains a key shareholder. - read more
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly called on life insurers to take decisive action to address mounting sustainability pressures in the Total and Permanent Disability (TPD) insurance market. This appeal follows a high-level industry roundtable discussion involving senior executives from 19 insurers and reinsurers, as well as representatives from Treasury and the Council of Australian Life Insurers (CALI). - read more
Recent data from the Australian Prudential Regulation Authority (APRA) reveals a significant concentration of disputes in the life insurance sector, with Total and Permanent Disability (TPD) and disability income insurance (DII) claims accounting for 88% of all disputes. This trend underscores the pressing need for both insurers and policyholders to closely examine the factors contributing to these disputes and seek solutions to enhance the claims process. - read more
Recent findings from the Life Insurance Code Compliance Committee (Life CCC) have revealed a concerning 67% increase in violations related to the timely payment of income protection benefits during the 2024-25 financial year. This surge has raised alarms about the industry's adherence to its own standards and the impact on policyholders. - read more
In a recent joint CEO roundtable, the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) highlighted the pressing need for life insurers to take decisive action to address sustainability challenges in the Total and Permanent Disability (TPD) insurance market. - read more
No comments yet. Be the first to share your thoughts.