AGM 15th November, 2pm Cliftons Venues, 60 Margaret Street, Sydney
Media Contact: Geoff Fowlstone email@example.com +61 413 746 949
Freedom Insurance Group (FIG)
Freedom Insurance Group is the owner of the Freedom Insurance ("Freedom") and Spectrum Wealth Advisers ("Spectrum") brands.
Until September, 2018 Freedom offered a range of simple insurance solutions direct to consumers through its call centre, usually on a no advice basis. Currently, Freedom is not offering insurance products to new customers but continues to service its large number of existing customers.
Spectrum offers more complex insurance solutions with a range of fully underwritten products. These are offered through an extensive network of financial advisers who can provide customers with both general and personal advice as required.
Click on the dates below to find out more
- Keith Cohen (Founder and current Managing Director) established Freedom Insurance (“Freedom”) in late 2009
- Freedom commenced distributing life insurance in October 2010
- The initial product was developed by Freedom and issued by AIA
- AIA handled administration with Freedom performing all customer service functions, including claims administration
- Ongoing investment in marketing, lead generation, training and compliance resulted in sales growing to $1m New Business Annual Premium Income per month
- A revised product range, issued by NobleOak was launched in April 2014
- Freedom invested further in its infrastructure and operations in order to undertaken its own policy administration services for Freedom products
- Freedom acquired Spectrum Wealth Advisers enhancing its distribution reach and providing significant new growth opportunities
- Sales grew to $2m New Business Annual Premium Income per month
- Successful integration of Spectrum & accelerated growth in adviser numbers
- Sales grew to $4m New Business Annual Premium Income per month
- Listed on Australian Stock Exchange (ASX:FIG)
- Transition to new Insurer (Swiss Re) and launch of the new Freedom Protection Plan
- Launch of Freedom Loan Protection
- Launch of Freedom Premium Life & Essential Life
- Sales grew to $4.8m New Business Annual Premium Income per month