TWUSuper replaces CommInsure

By Killian Plastow
 — 1 minute read

Transport-focused industry super fund TWUSuper has chosen a new insurance provider, ending a ‘long-term relationship’ between the fund and previous insurance provider CommInsure.

The fund’s insurance contract has been awarded to TAL after a competitive tender process, with TWUSuper saying TAL’s offering was “the most competitive against the key criteria” for selection.

“A priority for TWUSuper in reviewing its group insurance provider was to identify and partner with an insurer that has an aligned culture, and demonstrates a long-term commitment to the market,” the fund said.


“Possession of a technical skillset in managing industry funds, leading claims management, strong support in other key services, and affordable yet sustainable premiums for the fund’s membership were also key criteria.”

TWUSuper chief executive Frank Sandy said the fund had “enjoyed a positive relationship” with CommInsure, and appreciated the company’s support during that time.

“Changing service providers is never an easy decision to make, however the services TAL offered in supporting the TWUSuper members and assisting the fund to achieve its objectives were appealing and compelling. The change will deliver premium savings to members,” he said.

TWUSuper is the second superannuation fund declining to renew its contract with CommInsure in recent months, with NGS Super also switching to TAL in September 2016.

Read more:

Challenger announces leadership shake-up

‘People on the ground’ vital for Asia success

Bank funding driving term deposit rates

Hub24 launches direct global equities

Sustainability reporting set to expand globally

Join the debate to improve the issues that surround affordability and accessibility within the advice industry at ifa’s brand-new event, ifa Future Forum.

Join your peers to uncover game-changing industry solutions to pave the way for solving the problem of accessibility and affordability. Utilise your extensive knowledge to formulate ideas and help futureproof advice. Register your free place now! ifafutureforum.com.au


TWUSuper replaces CommInsure
ID logo


related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.