Category | Underwriting

Top Marks for OnePath’s New Underwriting Engine

ANZ Wealth has released the results of a recent survey which has delivered an ‘Excellent’ rating for its new underwriting engine. (more…)

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0 · February 1, 2019 in Company News, Underwriting  

NEOS Introduces Online Alteration Capability

NEOS Life has launched an online alteration capability to its services and in its first phase will provide the ability for advisers to transfer the ownership of an existing policy inside, or outside of superannuation, using the same application process as for new business. (more…)

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0 · December 11, 2018 in Products, Services, Superannuation, Technology, Underwriting  

MLC Life Names New Chief Underwriter

MLC Life has named a new Chief Underwriter as part of a round of appointments aimed at expanding the operational capability of the life insurer. (more…)

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0 · December 4, 2018 in Company News, Uncategorized, Underwriting  

NEOS Exceeds Target For Underwriting Decisions

New life insurance entrant, NEOS Life has announced that it made more than 86 percent of underwriting decisions within three working days, exceeding its own target of 80 percent set at launch in June of this year. (more…)

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4 · November 27, 2018 in Products, Services, Underwriting  

CommInsure Updates Application Tool With Alternative Terms

CommInsure has made a number of enhancements to its policy application tool including the launch of Alternative Terms and updates to its client management system. (more…)

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0 · November 27, 2018 in Technology, Underwriting  

Revised FSC Life Code to Cover All Distribution Channels

The Financial Services Council (FSC) has released a draft of the second version of its Life Insurance Code of Practice (LICP) which it intends will apply to all distributors of the products of a life insurer. (more…)

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0 · November 13, 2018 in Associations, Claims, Compliance & Regulation, Products, Remuneration, Services, Underwriting  

OnePath Uses Big Data to Relaunch Underwriting System

OnePath has updated its underwriting rules engine reducing the amount of questions related to an applicant’s medical history by around 70 per cent, and reducing the time to complete an application by up to 30 per cent. (more…)

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0 · November 8, 2018 in Company News, Services, Technology, Underwriting  

MLC Offers Premium Discount Via New Underwriting Platform

MLC Life will offer a 10 per cent premium discount in the first year to the clients of advisers who purchase life insurance through its digital underwriting platform. (more…)

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0 · November 6, 2018 in Company News, Products, Underwriting  

Life Insurers Place Halt on Use of Genetic Tests

Life insurers will introduce a five-year moratorium on the use of genetic test results within life insurance applications but will maintain limits on cover where the halt will apply. (more…)

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1 · November 1, 2018 in Associations, Underwriting  

Advisers Making Greater Use of Health Care Services

Health care services facilitator Unified Healthcare Group (UHG) has reported a 20 per cent annual increase in the number of financial advisers using its medEbridge platform to access services for clients. (more…)

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0 · October 23, 2018 in Services, Technology, Underwriting