<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2082408108700146&amp;ev=PageView&amp;noscript=1">

👋 Hello to the 1,422 of you who trust me with your email in exchange for the Insurance Needs Calculator, 29 Mistakes Guide or those of you who have allowed me to help protect you and your family. I appreciate the support! We are 33 more than last month!

Here in Melbourne it definitely feels as though summer has finished but we are moving back to Sydney in the next couple of weeks which should allow me to hold onto the warmth for a little bit longer this year!

Anyway, let's jump into this months update!


Insurance Market Update 📈:

Last week, I attended an update from one of the insurance companies (NEOS) who shared the data on the insurance market. Last year, the personal insurance (think Life, TPD, Trauma & Income Protection) market was a Billion Dollar industry. This year, new business has dropped to around the $300M mark.

This may not interest you as much as it does me, however it does have an impact on your insurances. 

There are 11 insurance companies in the Australian market. These 11 companies have had a combined loss of close to $3.5 Billion Dollars in the last 5 years. 

If you have any insurance in place at the moment, this year you would have noticed increases to your insurance policies. Depending on the type of insurance and the company you are with, these increases have ranged from mid teen % increases, with some companies increasing their premium by over 100% for the year.

There are a number of factors contributing to these pricing pressure (check out this video for more info) however it has never been more important to check what you have in place and make sure you are not in for a rude shock come renewal time.


This Month on YouTube 📹:

How These 4 Values Changed My Business:

In this video, I've shared the 4 values that have helped me bring my business to where it is today. Check them out and see if any of these are ones you can relate to too!

 

 

 

Do I Need An Adviser To Get Insurance?

Can you get insurance without using an adviser? The short answer is that nobody "needs" to use one but there are a few reasons it might be worth considering. In this video, I walk through some of these with examples.

 

 

Trauma Insurance vs Income Protection:

One of the most common misconceptions about Trauma and Income Protection is that they are one and the same. With these two options, it can be hard to know which cover you need - but don't worry! In this video I have broken down 13 key differences between these two covers so now you'll never get confused again.

 

 


This Month @ True Pride 🦁:

In March, Sam celebrated 3 years with me (which is no mean feat). Sam has played a massive role in making the business much more robust and systems driven.

Sam has been stuck at home with the lockdown in Cebu still going on. To help make her workspace better, Sam had ordered a custom built desk to fit the space she has. I thought this would be a nice little pressie to mark the 3 years with us:

20210326_142740


Insurance Tip Of The Month:

Personal Insurance is based on your occupation with some occupations deemed to be more risky than others. Contact your insurance company as check what occupation they have listed for you. If it has changed (and is more favourable ie. less risky) ask to have this reviewed. This could save you some money!

If you are unsure of whether one occupation is less risky than another, shoot me a message and I'd be happy to confirm.

TP_29Mistakes_CTA

Screen Shot 2020-09-01 at 12.36.36 pm

Like what you’ve read? Share it with others!

Want to see how we can put this knowledge into action for you?

LEARN HOW WE CAN HELP YOU