The broker says more granular property-level data could help insurers distinguish between homes that share the same floodplain but face very different levels of exposure.
Former PROACT Australia co-founder Dave Stott will lead the rebranded business, bringing three decades of experience across underwriting, broking and international markets.
AM Best expects underwriting profits from the platform-sold products to improve step by step as they scale, while profitable Samsung-linked commercial business keeps results steady.
The life insurer will extend access to unit trusts through its tied-agency representatives from 2027 across a network of 5,400 financial representatives.
The name change, which took effect on 22 September, follows efforts by UK-based joint venture partner Prudential to transition from promoter to investor status in the insurer.
The offering provides SMEs with bundled coverage tailored to their unique risk profiles, eliminating the need to purchase and manage multiple policies.
