Financial services firm Clearview will embark on a number of new growth initiatives after posting a profit turnaround.
The group's managing director Simon Swanson said Clearview planned to upgrade its life insurance and wealth management products and build sales through exclusive distribution agreements with private health insurer Bupa Australia and credit unions.
He also said Clearview planned to penetrate the independent financial adviser (IFA) market by developing new life/risk insurance solutions.
"We have commenced analysis of development of unique advice products," Swanson said.
"They will be life insurance products built around the needs of customers and we are going through some research on what are the most effective ways of delivering those products for customers and what attributes advisers would like to see in some of the products.
"The research is coming along very well and we will be in a position to launch the products before Christmas."
He said Clearview was in a strong position to deliver good value products to customers and advisers because the company doesn't have any legacy systems, processes or pricing in place.
Clearview yesterday reported a net profit of $2.9 million for the half year ended December. The company had posted a $483,000 loss in the prior corresponding period.
