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ClearView Transitions to Pure-Play Life Insurance, Emphasizes IFA Ties
ClearView Transitions to Pure-Play Life Insurance, Emphasizes IFA Ties
ClearView, a publicly-listed insurer, has reaffirmed its commitment as a "pure play life insurance company" following its strategic exit from the wealth management sector.
This transition, finalized in March 2025, completes a multi-year effort pivoting the company towards becoming a technologically advanced life insurance firm.
Despite the exit, ClearView has emphasized the importance of its robust relationships with independent financial advisers (IFAs), viewing these connections as fundamental to its continued growth. The company believes that maintaining these IFA relationships will significantly enhance its distribution capabilities and market presence.
In a recent presentation to investors, Managing Director Nadine Gooderick highlighted the company's financial achievements, reporting a 95% increase in gross premium income, reaching $285.6 million, and a 9% growth in total inforce premiums to $398 million. A substantial $100 million has been invested into its new ClearChoice technology platform, which is expected to streamline operations and improve service delivery.
The transition to a singular cloud-based technology platform is progressing well, with ClearView anticipating its completion by the first half of the next year. This move is aimed at enhancing technical capabilities and fostering further innovation within the company.
As ClearView continues to focus on life insurance and leverages its IFA relationships, the company is poised to capitalize on its tech-driven strategies to secure its market position.
Published:Wednesday, 14th May 2025
Source: Paige Estritori
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