{"id":32037,"date":"2016-01-12T14:05:37","date_gmt":"2016-01-12T04:05:37","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=32037"},"modified":"2016-01-12T19:06:15","modified_gmt":"2016-01-12T09:06:15","slug":"asteron-life-shortens-paperwork-timeframes","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2016\/01\/12\/asteron-life-shortens-paperwork-timeframes\/","title":{"rendered":"Asteron Life Shortens Paperwork Timeframes"},"content":{"rendered":"<p>Asteron Life has moved to cut the time it takes to receive a signed medical authority for a client by having them opt to pass such information directly to the underwriter and adviser when it may be required.<!--more--><\/p>\n<p>The insurer said it had added an opt-in question which allows the underwriter and adviser to ask the client if they are willing to have medical information held by a third party, such as a doctor, released directly to Asteron Life.<\/p>\n<p>According to Asteron Life it takes the insurer an average of 12 days for a signed medical authority to be received back from a client, and the inclusion of the question into its e-application should reduce the need to go back to the client for an extra requirement at a later date.<\/p>\n<h6>&#8230;it takes the insurer an average of 12 days for a signed medical authority to be received back from a client&#8230;<\/h6>\n<p>Asteron Life added the question has been placed under the Insurance History Details section of its electronic application system from 14 December 2015 and was only applicable if a report was required.<\/p>\n<p>The electronic application system accounts for 74% of all Asteron Life submissions, of which 39% of submissions are tele-underwritten according to data gathered by the insurer in November 2015.<\/p>\n<p>A further 40% of electronic applications that were not referred for tele-Underwriting were accepted by the Asteron Life\u2019s Underwriting Rules Engine providing an immediate decision at point of sale while 42% of tele-underwritten cases had a decision made and relayed to the servicing adviser following an initial customer call.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asteron Life has moved to cut the time it takes to receive a signed medical authority for a client by having them opt to pass such information directly to the underwriter and adviser when it may be required.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,4],"tags":[],"class_list":{"0":"post-32037","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-company-news","7":"category-products"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=32037"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32037\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=32037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=32037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=32037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}