Insurers kill off overseas junkets that reward salespeople

Thu, 22 Nov 2018

Nov. 22 (BusinessDesk) - New Zealand's largest life insurer, AIA/Sovereign will stop using overseas trips as rewards for salespeople as the industry moves to clean up its reputation for prioritising sales performance over customer service, from next year. The Reserve Bank of New Zealand and Financial Markets Authority are currently running the rule over financial services industry sales practices following shocking revelations in the Australian royal commission into banking industry malpractice. “As the largest life insurer in New Zealand...

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