{"id":7817,"date":"2010-09-22T09:41:47","date_gmt":"2010-09-21T23:41:47","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=7817"},"modified":"2020-09-17T14:19:14","modified_gmt":"2020-09-17T04:19:14","slug":"risk-market-growing-significant-revenue-via-new-clients","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/09\/22\/risk-market-growing-significant-revenue-via-new-clients\/","title":{"rendered":"Risk Market Growing &#8211; Significant Revenue Via New Clients"},"content":{"rendered":"<p>The Australian risk market continues to grow following the global financial crisis, according to <a href=\"http:\/\/www.coredata.com.au\/\" target=\"_blank\" rel=\"noopener noreferrer\">CoreData<\/a>.<\/p>\n<p>Initial results from the research and consulting firm&#8217;s\u00a0<a href=\"http:\/\/115.165.168.41\/surveys\/index.php?sid=16658&amp;lang=en\" target=\"_blank\" rel=\"noopener noreferrer\">2010 Risk Study<\/a> show that over the past 12 months around half of advisers&#8217; risk advice revenue has\u00a0come from new clients.<\/p>\n<p><!--more-->CoreData&#8217;s Head of Advice, Wealth Management and Superannuation, <strong>Kristen Paech<\/strong>, said many advisers who had not traditionally offered risk insurance viewed this as a sensible source of diversified revenue when markets turned sour.<\/p>\n<p>The rewards of diversification for advisers appear to be evident, with the study showing:<\/p>\n<ul>\n<li>On average, 48.6% of advisers&#8217; total risk income in the past 12 months came from new clients<\/li>\n<li>Similar to last year, one in five advisers expects to increase the amount of insurance written with their main risk provider by more than 20% over the coming year<\/li>\n<li>Almost half of all advisers (48.1%) expect the level of risk being written with their main provider to increase to some extent, while only 9.3% expect it to decrease<\/li>\n<\/ul>\n<p>The research also shows that while paper-based applications remain the dominant submission method, 43.1% of advisers are lodging new business applications electronically.<\/p>\n<p>CoreData&#8217;s annual Risk Study covers\u00a0 ten core areas of service delivery and gives advisers the chance to provide feedback to risk providers to help improve their experience of offering insurance advice.<\/p>\n<p>So far more than 600 advisers have participated in the survey, which also determines the winner of the CoreData Risk Company of the Year Awards, to be announced later this year.<\/p>\n<p><a href=\"http:\/\/115.165.168.41\/surveys\/index.php?sid=16658&amp;lang=en\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a>\u00a0to participate in the study, where advisers can win one of five new iPads.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian risk market continues to grow following the global financial crisis, according to CoreData. Initial results from the research and consulting firm&#8217;s\u00a02010 Risk Study show that over the past 12 months around half of advisers&#8217; risk advice revenue has\u00a0come from new clients.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-7817","post","type-post","status-publish","format-standard","category-general","headers-new"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/7817","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=7817"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/7817\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=7817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=7817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=7817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}