How do we achieve growth – next phase
Our goal is to be the best at Life Insurance, moving from a mid-tier to top-tier player How will we achieve this ambition?
NON-CORE
CONTINUE
START Horizon 2
Horizon 1
1
3
2
6
5
4
Diversify earnings through test and learn
Execute Distribution Strategy
Wealth business
Strategic Transformation
Build Strong BAU Foundation • High performance culture, capability, and management • Sustainable and aligned products to meet customer needs – annual refresh • Nimble and pro- active with a single focus to harness ClearView’s unique culture, size and collective expertise
Amplify Retail Growth
• Full exit of wealth management targeted by Q3 FY25 • Allows focus on core Life Insurance business • Implement Life only target operating model
• Complete
• Specific product / target market focus • Stay ahead of curve by increased sophistication of data analytics • Prepare for new cohort of financial advisers that are using digital customer engagement tools
• Expand IFA distribution
• Investigate feasibility of
migration onto new platform • Progress Workflow and Portal further releases • Progress operations transformation program
relationships and APLs
diversification options – Retirement and Customer-led opportunities to build Group capability
• State based
distribution model with aligned interests, loyalty and brand recognition • Target to be top 3 insurer for advisers to earn appropriate share of wallet
• Identify
10
MARGIN FOCUS TO DRIVE VALUE FOR CUSTOMER
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