Target Market Determinations
As part of the Product Design and Distribution Obligations (DDO), insurers and other issuers of financial products are now required to create written Target Market Determinations (TMDs) for all products which require a Product Disclosure Statement (PDS).
TMDs describe a class of retail clients that are the insurer’s/ issuer’s target market for the product and specify any conditions and restrictions on the distribution of retail products, any events and circumstances that would reasonably suggest the TMD is no longer appropriate and the reporting periods for when complaints about the product should be provided to the insurer/issuer. The TMD must be publicly available.
From 5th October 2021, insurance brokers such as Gow-Gates must ensure that any retail client that is sold a products with a PDS, is within the target market prescribed by the insurer/ issuer.
The links below sets out the TMDs created by insurers/issuers who underwrite products distributed by the Gow-Gates group of companies. If your insurer is not on this list please contact your broker or visit their webpage.
This webpage has been prepared without taking into account your objectives‚ financial situation or needs. Before making a decision to buy insurance, you should consider whether it is appropriate for your specific circumstances and read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD).
- 360 Accident and Health
- 360 Commercial and Motor
- 360 Farm and Regional
- AFA (coming soon)
- AHI Insurance
- AIG
- Allianz
- Allstate Underwriting
- Berkley Insurance
- Blue Zebra
- CGU
- Chubb
- CIL Insurance
- Community Underwriting
- Dawes
- Dual Australia
- Enthusiast Underwriting
- Global Motor Underwriting
- Hollard Commercial (coming soon)
- IAL
- IQumulate Premium Funding
- Liberty (coming soon)
- Mansions
- MB Prestige
- National Motorcycle Underwriting
- NTI
- One Underwriting (coming soon)
- Pen Underwriting
- Protecsure (coming soon)
- QBE
- Rural Affinity Insurance
- Shieldcover
- Sportscover
- Suncorp
- Tokio Marine Kiln
- Vero
- Westfarmers
- Zurich (coming soon)