{"id":79604,"date":"2025-10-07T14:53:41","date_gmt":"2025-10-07T03:53:41","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=79604"},"modified":"2025-10-13T10:30:46","modified_gmt":"2025-10-12T23:30:46","slug":"bring-on-generic-risk-proposals-poll","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/10\/07\/bring-on-generic-risk-proposals-poll\/","title":{"rendered":"Bring on Generic Risk Proposals &#8211; Poll"},"content":{"rendered":"<div id=\"polls-353\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>It\u2019s time to implement a universal proposal form for life insurance applications.<\/strong><\/div><div id=\"polls-353-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Agree <small>(78%)<\/small><div class=\"pollbar\" style=\"width: 78%\" title=\"Agree (78% | 57 Votes)\"><\/div><\/li>\n\t\t<li>Disagree <small>(18%)<\/small><div class=\"pollbar\" style=\"width: 18%\" title=\"Disagree (18% | 13 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(4%)<\/small><div class=\"pollbar\" style=\"width: 4%\" title=\"Not sure (4% | 3 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_353_nonce\" name=\"wp-polls-nonce\" value=\"542f5640c4\" \/>\n<\/div>\n\n<p>A solid majority of advisers supports the proposition that it&#8217;s time to implement a universal life insurance application form that can be processed by all insurers.<\/p>\n<p>As we go to press, this is the view of 78% of those voting in our latest poll. Interestingly, however, just under one in five (18%) disagree with this proposition. We wonder why! Perhaps some votes may have been contributed by industry stakeholders other than advisers&#8230;?<\/p>\n<blockquote><p>&#8230;as is often the case, the devil can be in the detail<\/p><\/blockquote>\n<p>On the surface, the concept of a single life insurance application form which can be submitted to any retail insurer makes so much sense, but as is often the case, the devil can be in the detail. As we noted last week, the concept of a universal life insurance proposal form is simple, yet its achievement is problematic, especially given the commercial challenge for individual insurers associated with potentially giving up a competitive advantage across some occupational segments of the market.<\/p>\n<p>This conversation is an extension of the recent AIA Australia Round Table, where the panellists spent some of the time comparing notes on what&#8217;s within the control of the industry itself when it comes to eliminating or at least reducing the red tape, road blocks and inefficiencies that advisers must deal with every day (see: <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 &#8211; Advice at the Crossroads Part 2<\/a>).<\/p>\n<p>With advancements in technology, including the enhanced back-end flexibility that can be delivered through utilising new AI capability, surely it&#8217;s not technology that&#8217;s holding back a universal life insurance application form.<\/p>\n<p>Whatever your thoughts, we&#8217;re keen for you to share them as our poll remains open for another week&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A solid majority of advisers supports the proposition that it&#8217;s time to implement a universal life insurance application form that can be processed by all insurers. As we go to press, this is the view of 78% of those voting in our latest poll. Interestingly, however, just under one in five (18%) disagree with this [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":79609,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,49],"tags":[],"class_list":["post-79604","post","type-post","status-publish","format-standard","has-post-thumbnail","category-general","category-polls"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/79604","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=79604"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/79604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/79609"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=79604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=79604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=79604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}