IRESS has added two additional insurers to its integrated risk insurance solution for real-time premium quotations.
Advisers utilising the Risk Researcher module in the XPLAN software platform can now obtain instant binding quotations for AXA’s Elevate products and AIA Australia’s Priority Protection product range.
AXA and AIA Australia join Asteron, CommInsure, TOWER and Zurich as offering real-time binding quotations via XPLAN.
IRESS’ integrated solution with AXA also provides the capability for its Risk Researcher premium modelling information to be transferred across to AXA’s Elevate Online. This automatically instigates AXA’s electronic application process and removes the need for advisers to re-key data.
Stan Pappas, Senior Manager of AXA’s Product Services and Technology, said the AXA integration with Risk Researcher will provide many benefits.
“Through the integrated solution, advisers can now seamlessly transfer data from XPLAN to AXA’s Elevate Online, where they are able to apply online and obtain instant underwriting decisions, making it a fast and efficient submission process,” Mr Pappas said.
These enhancements follow the recent launch of IRESS’ Advice Record, which is intended to provide the adviser with a customisable and easy to use software tool that produces a risk specific Statement of Advice in less than 10 minutes.
