{"id":4754,"date":"2010-02-02T12:18:29","date_gmt":"2010-02-02T02:18:29","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=4754"},"modified":"2020-02-06T08:08:11","modified_gmt":"2020-02-05T21:08:11","slug":"talk-to-us-message-to-advisers-from-comminsure-underwriting","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/02\/02\/talk-to-us-message-to-advisers-from-comminsure-underwriting\/","title":{"rendered":"&#8216;Talk to us&#8217; &#8211; Message to Advisers from CommInsure Underwriting"},"content":{"rendered":"<p>CommInsure&#8217;s Chief Medical Officer, <strong>Dr Bill Monday<\/strong>, has sent a message of engagement to advisers\u00a0during his eastern states seminar tour, which has just been completed.<\/p>\n<p><!--more-->One of the key &#8216;takeaway&#8217; messages from Dr Monday was to encourage\u00a0open interaction between advisers and CommInsure&#8217;s medical division in order to optimise the value and productivity of the relationship between insurer and adviser.<\/p>\n<h6>the adviser&#8230; is encouraged to question the underwriting decision and seek explanations<\/h6>\n<p>Dr Monday wants advisers\u00a0to understand\u00a0CommInsure&#8217;s underwriting decisions, particularly when adverse decisions have been made.\u00a0 If the adviser does not understand, he or she is encouraged to question the underwriting decision and seek explanations.<\/p>\n<p>Another key message to advisers from Dr Monday focused on the need to obtain as much medical and financial information as possible when submitting insurance applications.\u00a0 According to Dr Monday, the more information the adviser is able to provide to the underwriter, the better chance there will be of the underwriter returning with a correct decision and rating for the\u00a0client.<\/p>\n<p>These messages were delivered by Dr Monday\u00a0to packed audiences within a presentation that considered the medical world of today, as well as the staggering potential of tomorrow&#8217;s medical world.<\/p>\n<p>With huge advancements being made in medical science in areas such as cancer and cardiac disease research, genomics, imaging, nanotechnology and biocomputers, Dr Monday\u00a0helped his audience\u00a0better understand what may be possible in future, and how these advancements may\u00a0positively impact\u00a0the ability for more clients to be underwritten\u00a0and offered terms.<\/p>\n<p>According to Dr Monday, CommInsure is seeking to reduce it&#8217;s already low declinature rate by:<\/p>\n<ul>\n<li>Offering more creative solutions such as limited\/specific term contracts<\/li>\n<li>Re-shaping key trauma definitions to keep pace with medical advancements<\/li>\n<li>Developing more &#8216;plain English&#8217; wording within policy definitions<\/li>\n<li>Creating more and more transparency between client, adviser and underwriter with respect to application questions, answers, processes\u00a0and decisions<\/li>\n<\/ul>\n<p>This series of seminars was CommInsure&#8217;s first major initiative for 2010, and\u00a0was indicative of\u00a0the growing trend from the insurance companies to highlight the value-added, or differentiated services they provide, whereas in previous years, most roadshow tours would centre around product upgrades, with underwriting, claims and technology initiatives playing a lesser role.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CommInsure&#8217;s Chief Medical Officer, Dr Bill Monday, has sent a message of engagement to advisers\u00a0during his eastern states seminar tour, which has just been completed.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241,3],"tags":[],"class_list":["post-4754","post","type-post","status-publish","format-standard","category-conferences-and-events","category-general","headers-new"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/4754","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=4754"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/4754\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=4754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=4754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=4754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}