Aussie-headquartered firm Praemium has been invited to join the Association of International Life Offices (Ailo) as an associate member.
The firm will be Ailo’s first platform member, which is acknowledgement of the impact that platforms are having on international financial services.
“Far from seeing platforms as competition for international life offices, we see the future of financial services being about deeper collaboration,” said Mark Sanderson, Praemium chief operating officer.
Bob Pain, Ailo chief executive, said: “The expertise that this innovative company will bring will to our membership is very timely, as Ailo is currently exploring the changes and challenges technology is bringing to our industry.”
Ailo is an ideas-sharing and advocacy group for the international financial services industry.
Most recently, the association released its online learning programme to help new recruits learn the ropes of the cross-border life insurance sector.
