{"id":42176,"date":"2018-09-19T06:30:05","date_gmt":"2018-09-18T20:30:05","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=42176"},"modified":"2018-09-18T19:52:19","modified_gmt":"2018-09-18T09:52:19","slug":"neos-life-full-retail-market-launch","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2018\/09\/19\/neos-life-full-retail-market-launch\/","title":{"rendered":"NEOS Life Full Retail Market Launch"},"content":{"rendered":"<p>New industry player, <a href=\"http:\/\/www.neoslife.com.au\" target=\"_blank\" rel=\"noopener\">NEOS Life<\/a>*, has announced it is preparing for a full launch into the retail advised life insurance market.<!--more--><\/p>\n<figure id=\"attachment_42177\" aria-describedby=\"caption-attachment-42177\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2018\/09\/Brett-Yardley.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-42177\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2018\/09\/Brett-Yardley.jpg\" alt=\"\" width=\"150\" height=\"181\" \/><\/a><figcaption id=\"caption-attachment-42177\" class=\"wp-caption-text\">NEOS Life Managing Director, Brett Yardley<\/figcaption><\/figure>\n<p>Based on the results of a three-month pilot phase (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2018\/06\/19\/neos-life-opens-its-doors\/\" target=\"_blank\" rel=\"noopener\">NEOS Life Opens its Doors<\/a>), NEOS Life Managing Director, <strong>Brett Yardley<\/strong>, said the initial response from financial advisers to its offering has been overwhelmingly positive.<\/p>\n<p>\u201cWhen advisers are telling you that dealing with NEOS has been a highlight of their life insurance career, you know you\u2019re hitting the mark,&#8221; he said.<\/p>\n<p>In its release, NEOS Life highlighted three key areas in which it says advisers have been appreciating the experience NEOS provides:<\/p>\n<ul>\n<li>Intuitive and fast application process<\/li>\n<li>Contemporary, common-sense underwriting decisions<\/li>\n<li>Certainty offered by a three-year rate guarantee<\/li>\n<\/ul>\n<p>Yardley continued that the combination of what he referred to as NEOS\u2019s bespoke application question set and use of <a href=\"http:\/\/www.underwriteme.com.au\/#\/\">UnderwriteMe\u2019s<\/a> underwriting rules engine, is already delivering over 35 per cent of underwriting decisions immediately.<\/p>\n<p>\u201cWe\u2019re well on track to reach the goal of over 50% of decisions immediately and 80% within three working days,\u201d he added.<\/p>\n<p>\u201cNot only does this support a positive customer experience and confidence in the service we provide, it also greatly improves cash flow within the adviser\u2019s business.\u00a0 With so many challenges currently facing advisers, this is a huge help,\u201d Yardley said.<\/p>\n<p>In commenting that an adviser\u2019s job is getting harder and consumer confidence in the industry is at an all-time low, he added, \u201cThings must change, but with industry consolidation and decreasing competition, existing players have little motivation to make that change happen.\u201d<\/p>\n<p>*<em>NobleOak Life Limited is the issuing insurer for NEOS life insurance products<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New industry player, NEOS Life*, has announced it is preparing for a full launch into the retail advised life insurance market.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,4,5],"tags":[],"class_list":{"0":"post-42176","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-company-news","7":"category-products","8":"category-services"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/42176","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=42176"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/42176\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=42176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=42176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=42176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}