{"id":79315,"date":"2025-09-22T14:53:37","date_gmt":"2025-09-22T04:53:37","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=79315"},"modified":"2025-12-19T09:13:41","modified_gmt":"2025-12-18T22:13:41","slug":"aia-calls-for-legislative-change-to-ease-pressure-on-advisers","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/09\/22\/aia-calls-for-legislative-change-to-ease-pressure-on-advisers\/","title":{"rendered":"AIA Calls for Law Change to Ease Pressure on Advisers"},"content":{"rendered":"<div class=\"header row\">\n<div class=\"intro\">\n<h3>News that AIA wants a law change so life insurers can streamline the advice process and reduce duplication attracted plenty of reader interest this week&#8230;<\/h3>\n<\/div>\n<\/div>\n<p>A call for legislative change, so life insurers can streamline the advice process and reduce duplication, was made during part two of the <a href=\"https:\/\/riskinfo.com.au\/roundtable\/aia-australia-round-table-advice-at-the-crossroads-part-2\/\" target=\"_blank\" rel=\"noopener\">AIA Australia Round Table<\/a> \u2013 Advice at the Crossroads.<\/p>\n<p>Round Table co-host\u00a0<strong>Pina Sciarrone<\/strong>, the firm\u2019s Chief Retail Insurance and Advice Officer, said better integration between advice practices and insurers was overdue, with fact-finding often duplicated \u2013 adding to the work of advisers.<\/p>\n<p>\u201cIf advisers or their licensees are saying you need to go out to all eight or nine insurers for a pre-assessment, we need to make that easier,\u201d she said.<\/p>\n<blockquote><p>The adviser is asking the client a whole lot of questions, and then the insurer is asking them to complete those questions again&#8230;<\/p><\/blockquote>\n<figure id=\"attachment_49694\" aria-describedby=\"caption-attachment-49694\" style=\"width: 150px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-49694\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2010\/04\/Pina-Sciarrone-v2-e1587440329924.png\" alt=\"\" width=\"150\" height=\"180\" \/><figcaption id=\"caption-attachment-49694\" class=\"wp-caption-text\">Pina Sciarrone.<\/figcaption><\/figure>\n<p>\u201cThe adviser is asking the client a whole lot of questions, and then the insurer is asking them to complete those questions again through the application process.<\/p>\n<p>\u201cThere\u2019s absolutely a role for insurers to play here with technology. There needs to be a better integration so there\u2019s a transfer of information advisers have already got from the client.\u201d<\/p>\n<p>She said that while existing technology can deliver immediate improvements, Sciarrone stressed that legislative reform is needed.<\/p>\n<p>\u201cAdvisers are so concerned about following safe harbour rules and making sure they\u2019re covered, that the industry is lacking innovation, and lacking the ability to produce simpler, more sustainable products that could respond to the TPD claims issues we are experiencing today,\u201d said Sciarrone.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News that AIA wants a law change so life insurers can streamline the advice process and reduce duplication attracted plenty of reader interest this week&#8230; A call for legislative change, so life insurers can streamline the advice process and reduce duplication, was made during part two of the AIA Australia Round Table \u2013 Advice at [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":79318,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,241,8293,8291],"tags":[],"class_list":{"0":"post-79315","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-company-news","8":"category-conferences-and-events","9":"category-general-advice","10":"category-story-of-the-week"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/79315","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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=79315"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/79315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/79318"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=79315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=79315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=79315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}