Target Market Determinations

As part of the Product Design and Distribution Obligations (DDO), insurers and other issuers of financial products (such as JLT Group Services Pty Ltd in the case of mutual discretionary trusts) are now required to create written Target Market Determinations (TMDs) for all products that 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/financial product distributors like Marsh must ensure that any Retail Client with a financial product which has a PDS is within the target market of that product for the insurer or product issuer the policy or other financial product is placed with.

The table below sets out all the TMDs created by insurers/issuers who underwrite/issue products distributed by the Marsh group of companies, including Marsh, Marsh Advantage, JLT Risk Solutions and via the Marsh McLennan Agency placement platform. These TMDs relate to Scheme, Facility and binder products and mutual discretionary trusts only. Please reach out to your carrier partners for TMDs for open market wordings.

TMDs are broken down by insurer/issuer below.

Accident & Health Insurance
Business Travel - MMA
Expatriate Health - Premium - MMA
Expatriate Health - Value Plus - MMA
Expatriate Health - Essential - MMA

Group Personal Accident - MMA
Personal Accident - PCS
Personal Accident - CFMEU
Personal Accident - CEPU
Travel - PCS
LeaseGuard
All other Accident & Health TMDs

AFA
Personal Accident
Personal Accident - Australia Post - Essential Group
Personal Accident - Australia Post
Personal Accident - IPTI
Personal Accident - Hire a Hubby
Personal Accident - Sharing Economy
Personal Accident - Wageguard 24 Hour
Personal Accident - Wageguard Trauma

AIG
Business Travel - MMA
Expatriate Health - Premium - MMA
Expatriate Health - Value Plus - MMA
Expatriate Health - Essential - MMA
Group Personal Accident - MMA

Householders - Mansions
All other AIG TMDs

Allianz
Business Package - MMA
Caravan & Trailer
Classic Plus Home
CMV - Sharing Economy
Landlords
Motor Vehicle - MMA
Motor Fleet - MMA
Prestige Home
Prestige Motor

All Allianz TMDs

Anchorage
Marine Hull Protection

AXA/XL
Art Collector
All other AXA/XLTMDs

Berkshire Hathaway Specialty Insurance
Worldwide Leisure Travel

Blue Zebra
Householders
Landlords Protection
Motor

All Blue Zebra TMDs

CGU
Commercial Motor - MMA
Farm Brokers - Target Market Determinations | CGU Insurance
Farm Motor - MMA
Farm Package - MMA
Householders Brokers - Target Market Determinations | CGU Insurance
Landlords Brokers - Target Market Determinations | CGU Insurance
Motor Fleet - MMA
Motor Vehicle Domestic Brokers - Target Market Determinations | CGU Insurance
All other CGU TMDs

CHU
Strata

Chubb
Corporate Travel - Victor
Corporate Travel - MMA
Expatriate Health - Victor  
Expatriate Health - Essential - MMA
Expatriate Health - Premium - MMA
Expatriate Health - Value Plus - MMA
Group Personal Accident - MMA

Householders - Home
Householders - Masterpiece
Householders - Masterpiece Signature
Inpatriate Health - Victor
Journey - Victor
Journey
Personal Accident - Victor
Strata - Body Corporate Elite
Strata - Owners Corporation Elite
Voluntary Workers - Victor
Voluntary Workers
All other Chubb TMDs

CIL
Motor Vehicle Domestic

Club Marine
Marine Hull Protection

Dawes
Motor Vehicle Domestic
Motor Cycle

Flex
Strata

Global Transport Insurance
Heavy Motor Mobile Plant - MMA

HDI
Business Travel - MMA
Expatriate Health - Premium - MMA
Expatriate Health - Value Plus - MMA
Expatriate Health - Essential - MMA
Group Personal Accident - MMA

All other HDI TMDs

Heavy Motor Insurance Australia
Heavy Motor

JLT Group Services
Australian Cricket Discretionary Trust
Australian Football National Risk Protection Program Discretionary Trust  
Automotive Brands Group Discretionary Trust
CAAW 24/7 Discretionary Trust
CAAW Discretionary Trust
CAAW Travel Discretionary Trust
Craveable Brands Franchise Partners Discretionary Trust
CSI Discretionary Trust
CSI Member Benefits Discretionary Trust
DealerTrust Discretionary Trust
Domino’s Pizza Discretionary Trust
Electrical & Plumbing Discretionary Trust
Farm Machinery Discretionary Trust
JMAPP Discretionary Trust
National Food & Beverage Franchisees Discretionary Trust
Pharmacy Alliance Discretionary Trust
Reddifund Income Protection Plus Discretionary Trust
Reddifund Mutual Benefit Fund Discretionary Trust
SAASSO Discretionary Trust
SEPFA Discretionary Trust
Sport AFL Asset Protect Discretionary Trust  
StarTrack Discretionary Trust
Steeline Discretionary Trust
The Cruising Yacht Club of SA Discretionary Trust
The Distributors Discretionary Trust
TIAIB Discretionary Trust
TIAIB Group Personal Accident Discretionary Trust
T-Marts Franchisee Discretionary Trust
United Grand Lodge of NSW & ACT Discretionary Trust
VillageWise Discretionary Trust

Marsh McLennan Agency
MMA Individual Personal Accident
Marsh Staff Voluntary Personal Accident
MMA Retail Group Personal Accident
Product Design and Distribution Policy
Confirmed Code Edits as at 5th October 2021

MB Prestige
Motor Vehicle Domestic

Nautilus
Marine Hull Protection

National Transport Insurance
Heavy Motor Mobile Plant - MMA
JLT Cement Powder Truck
Motor Vehicle

QBE
Commercial Motor - MMA
Corporate Travel - MMA
Expatriate Health - Premium - MMA
Expatriate Health - Value Plus - MMA
Expatriate Health - Essential - MMA
Farm
Fleet and Heavy Motor
Group Personal Accident - MMA
Home Insurance
Home - Accidental Damage - Domestic Client Services
Home Contents in Transit Removals Policy
Householders - Private Client Services - please use link for all other QBE TMDs and search for QM7065
Individual Personal Accident and Sickness
JLT Home Cover Insurance
JLT Sports Injury Policy
Landlords - Real Estate
Landlords Residential Property (JLT) - Victor
Landlords Protection - Domestic Client Services
Marine Cargo - Affinity Auto
Micro SME Pleasurecraft
Micro SME Commercial Motor
Motor Fleet - Affinity Auto Leasexpress Motor
Motor Fleet - Affinity Auto Street Fleet Motor
Motor Fleet - MMA
Motor Vehicle Domestic - Private Client Services
Motor Vehicle - Transport
Motor Vehicle - Surf Lifesaving
Personal Accident - Surf Lifesaving
Personal Accident - Transport
Pleasure Craft PDS & Policy
Realty Protect Landlord Insurance
Residential Landlords PDS - Victor
RoadBike - Affinity Auto
TIAIB Taxi Motor Vehicle Insurance Policy
All other QBE TMDs (search for TMD)

SLE Worldwide Australia (underwritten by Chubb Insurance Australia)
Individual Personal Accident - Performers and Entertainers
Personal Accident - Car Clubs

SLE Worldwide Australia (Lloyds)
Voluntary Workers - Car Clubs

Strata Unit Underwriters
Strata

TIO
All TIO TMDs

Vero
Commercial Motor - MMA
Farm - Private Client Services
Householders - Private Client Services
Motor Fleet Group - Affinity Auto
Motor Fleet - MMA
Motor Vehicle Domestic - Private Client Services
Public & Products Liability - Sharing Economy
All Vero TMDs

Zurich
Golf Club Voluntary Workers
Heavy Motor Mobile Plant - MMA
Members Suite - Victor
Motor Fleet - MMA
All other Zurich TMDs

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”