Oasis Asset Management Announces ING as its new insurance provider

Oasis Asset Management today has announced ING Australia as its new group risk insurance provider after a competitive tender process.

According to Oasis’ Managing Director, Mr Wayne Lowe, the selection of ING was based on their ability to provide a competitive insurance offering and key benefits to members.

“Oasis invited a wide group of insurers to tender for our business, focusing specifically on aspects of claims management, underwriting and the needs of Advisers and their clients.”

“ING Australia was chosen due to the strength of their service offering and underwriting practices.
The fact that ING was recently rated one of Australia’s top performing group risk providers is recognition of the quality service and value they can provide for superannuation members and reinforces the decision reached by our independent Trustee Board.”

Mr Lowe indicated that the tender process was conducted by an external consultant and involved representatives from each of Oasis’ Dealer Group clients and Adviser base. The process was conducted through a blind tender with representatives not having any knowledge about the details of tendering organisations until the field was narrowed to the last two insurance providers.

ING's Group Risk Market Manager, Paul Trigg, said “We are delighted to be able to provide Oasis’ customers with access to our market leading range of protection products. At ING, we value the strong relationships we have with our clients, and we look forward to working with Oasis to further develop our products and services.”

ING will replace TOWER as Oasis’ insurance provider offering cover to its 69,000+ superannuation members.