Product Development and Sales
RACQ is committed to selling products and services to members that will support them in meeting their financial, economic and social needs. We use a thorough process to assess product development, performance and suitability.
What is product development?
Product development is the structured process RACQ use to develop, monitor and review all our products. We use this process to ensure our products meet the standards that are expected by our members, regulators and industry bodies.
How do we assess product performance?
Our products regularly undergo monitoring activities to include the review of member feedback, sales and claims performance and any potential changes to products that will improve value for members.
How do we assess product suitability?
RACQ has defined who our products are designed for and the appropriate way to sell to this target market. These Target Market Determinations are available on the RACQ website, as well as those of our distribution partners outside of RACQ.
How do we sell our products?
We sell our products via a number of channels, including:
- RACQ contact centres
- RACQ’s website by visiting racq.com
- RACQ stores (including agencies).
Our sales representatives have all been trained to understand who our products are designed for and the most appropriate way to sell them.
Our Target Market Determinations also include information on the selling conditions of our products.
We continuously monitor our sales practices including the review of member feedback. In addition, we review systems, processes and training to ensure the right information and questions are being shared with our members.
Who can I contact for further information?
Please contact us on 13 1905 if you require further information.