Industry fund Prime Super has appointed CommInsure, the insurance arm of CBA, as its new group insurer.
Following a tender process, CommInsure has been named as Prime Super’s insurance partner, with the partnership to take effect on 1 May 2016.
Prime Super chief executive Lachlan Baird said the tender process was initiated to "simplify and streamline" the fund’s offering, and to improve the sustainability of premium pricing for members.
“Prime Super has recently undertaken a significant rebranding process to modernise the look and feel of the fund as well as emphasise the core value of the fund, where the best interests of members is at the heart of everything we do.
“These new insurance arrangements deliver on the core values of the fund,” Mr Baird said.
CommInsure general manager life product and distribution, Craig Harrison, said: “We are committed to providing a tailored product, claims and service model to meet the insurance needs of Prime Super’s members.”