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Acenda Secures Four Key Wins at Life Insurance Excellence Awards

Acenda Secures Four Key Wins at Life Insurance Excellence Awards

Acenda Secures Four Key Wins at Life Insurance Excellence Awards?w=400
In a triumphant moment for Australian life insurer Acenda, the company secured top honours in four of the ten categories at the Australian Life Underwriting and Claims Association (ALUCA) Life Insurance Excellence Awards.
Formerly known as MLC Life Insurance, Acenda emerged as a finalist in nine categories, ultimately winning the Leadership Award, Claims Team Award, Customer Service Team Award, and Partnership Impact Team Award.

Mary Magallanes, Acenda's General Manager of Claims Management, was distinguished with the Leadership Award for her remarkable contributions to life insurance and her dedication to customer-centric innovation. Under her leadership, Acenda's claims process, known as TPD Express, received the Claims Team Award for the third consecutive year, noted for its ability to expedite eligible claims and decrease the overall claim settlement timeframe by 84%.

The company's KickStart program emerged victorious with the Customer Service Team Award. This program is lauded for delivering customised support and rehabilitation plans to customers within 24 hours after receiving a referral, significantly aiding in the recovery from illness or injury.

Andrew Beevors, Acenda's Chief Claims and Transformation Officer, reflected on the win, stating that the awards showcase the comprehensive value chain of life insurance—from leadership and underwriting to claims. He emphasized the company's unwavering commitment to placing the customer at the centre of all operations.

Additionally, the Partnership Impact Team Award recognised Acenda's collaboration with EQ Pathology. This partnership has streamlined life insurance processes by introducing digital questionnaires that provide necessary medical information seamlessly, marking an industry-first initiative.

Jane Murray, Acenda's Chief Operating Officer, commended the team's efforts, saying the awards acknowledge their commitment to prioritizing customer needs. "I congratulate all of our people for what they continue to do to put customers first," she remarked.

These accomplishments underscore Acenda's ongoing endeavour to innovate and enhance customer service, setting a benchmark in the Australian life insurance industry.

Published:Monday, 16th Jun 2025
Source: Paige Estritori

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Moral Hazard:
The concept that individuals may take on more risk when they do not bear the full consequences of that risk, often relevant in insurance scenarios.