After an extensive review process, Resolution Life has chosen Australian Group Insurances (AGI) to provide administration services for their group insurance plans across Australia and New Zealand. AGI is a leading third-party administrator, known for its innovative and efficient insurance administration solutions.
To support their commitment to the New Zealand market, AGI have established AGINZ Limited, a wholly owned subsidiary of AGI, ensuring their local presence is aligned with New Zealand's regulatory and customer service expectations.
The below FAQ’s will provide further information on the changes as well as points of contact should you have any further queries.
Frequently Asked Questions (FAQ)
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Can you tell me more about AGI?
Founded in 2009 and headquartered in Sydney, AGI has become a trusted partner in the insurance sector, specialising in administration services that simplify the management of group insurance policies. The newly established subsidiary, AGINZ Limited, underscores their dedication to providing exceptional support to the New Zealand market. AGI’s proven third-party administration services help financial institutions streamline their processes and deliver superior customer experiences. Combining expert knowledge with advanced technology, they ensure a seamless policy lifecycle, allowing their partners to focus on protecting the lives and assets of their clients with confidence.
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Can you please provide a list of functions that AGI will undertake on behalf of Resolution Life?
AGI will perform 3 main functions on Resolution Life’s behalf:
1. End-to-end administration services. This includes (but is not limited to):
• Organising pre-review data
• Conducting annual reviews, terminations and new plan installations
• Managing premium payments and invoicing
• Managing queries from Brokers, Advisers and customers
• Provision of initial underwriting and claim forms (noting AGI will not be involved in the underwriting or claims process)2. Day-to-day pricing initiatives, including:
• Conducting re-rates
• New business quotes
• Quotes for insurance design changes3. Day-to-day product initiatives, including:
• Drafting the policy addendums for agreed insurance design updates
• Drafting the policy schedules for new business or changes.AGI will also be the first point of contact for any queries you may have regarding the above services.
AGI will not be responsible for claims or underwriting assessments. Resolution Life will retain full responsibility for these duties.
Resolution Life will also be monitoring AGI to ensure the highest standard of service is provided.
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Will my personal information be held offshore?
Yes. AGI is an Australian owned company based in Sydney, NSW. All information is stored on their local servers, protected by data security protocols that are compliant with all Australian and New Zealand data security regulations and requirements.
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How will Resolution Life ensure security of data while dealing with an external entity?
Resolution Life maintains a comprehensive Third-Party Security framework to which AGI and all third-party suppliers for Resolution Life are subject to. This framework includes regular security assessments, continuous risk monitoring and secure data transfers between both parties.
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Will AGI have a Contact Centre for assistance? If so, please provide details.
AGI will be the first point of contact for your administration and pricing queries, as well as any ad hoc queries you have. This includes queries that are currently sent to any of the following mailboxes:
• workplace@resolutionlife.co.nz
• workplaceunderwriting@resolutionlife.co.nz
• mmb-nz@resolutionlife.co.nz
• gireview@resolutionlife.com.au
• giadmin@resolutionlife.com.au
• group_administration@resolutionlife.com.au
• group_solutions@resolutionlife.com.au
• group_risk@resolutionlife.com.au
• group_risk_pricing@resolutionlife.com.au
• workplaceprotection@resolutionlife.co.nzAGI’s contact details are below.
For administration and pricing queries:
Phone – +61 2 9190 2500
Email – resolutionlife@agigroup.com.au
Important information
The content of this website is for information only, it does not contain any financial advice or other professional advice or make any recommendations about a financial product or service being right for you. The information provided by Resolution Life Australasia Limited ABN 84 079 300 379, NZ Company No. 281363, AFSL No. 233671 (Resolution Life), is of a general nature and does not take into account your objectives, financial situation or needs. Before taking any action, you should always seek financial advice or other professional advice relevant to your objectives, financial situation and needs, as well as consider the policy document for the product. Any guarantee offered in the product is only provided by Resolution Life.
Resolution Life does not make any representation or warranty as to the accuracy, reliability or completeness of material on this website nor accepts any liability or responsibility for any acts or decisions based on such information.
Resolution Life can be contacted at resolutionlife.co.nz/contact-us or by calling 0800 808 267.