MUTUALLY BENEFICIAL

PPS Mutual’s Profit-Share is a unique feature of its policies that brings something different to the conversation with existing and prospective professional clients. Now with Profit-Share accounts reaching over $595,000, our clients are gaining additional value from their insurance. The discussion with prospective clients around the benefits of professional insurance contracts that also provides a profit share has become a much more engaging conversation.

“Just wanted to congratulate you on the way you have tackled the increases (IP, Trauma, TPD) that are ravaging the insurance industry of late, most insurers are taking a sledge hammer approach, (probably because they have to keep up shareholder value) we are seeing increases in the order of 35%, 72% and we had had some clients with 104%.

It was refreshing to see that your approach was to spread your IP, Trauma increases over a 3 year period, however the surprising benefit for us was that the decreases for your Life & TPD rates were being passed back to existing clients, I can’t actually remember this ever being done before and I have been around a long time!

This approach clearly shows the alignment between Insurer and member, which we have discussed over the 5 year journey of PPS and continues to strengthen my belief in the Mutual Insurance model.”

“We were delighted to find out that our client, who is on a long term claim with PPS Mutual, has continued to accrue a profit share allocation whilst on claim and that his Profit-Share balance is among the largest in PPS Mutual Australia. This highlights the inclusivity of the mutual model and shows that it benefits policyholders, despite unforeseen circumstances.”