Tuesday, December 21, 2010
Recent enhancements to Risk Researcher include a new Statement of Advice process, called Advice Record, offering professional advisors a simpler and more efficient adviser workflow process. In addition, real-time premium quotations are now available for AXA and AIA Australia via/in Risk Researcher's integrated risk insurance solution.
Recent enhancements to Risk Researcher include a new Statement of Advice process, called Advice Record, offering professional advisors a simpler and more efficient adviser workflow process. In addition, real-time premium quotations are now available for AXA and AIA Australia via/in Risk Researcher's integrated risk insurance solution.
Streamlining the Risk Advice Process
Advice Record provides professional advisers with a customisable and easy to use tool to produce a risk specific Statement of Advice in less than 10 minutes.
The Advice Record function is accessed from the Recommendations screen, allowing you to quickly produce advice from within Risk Researcher. Reports are configurable, based on templates, and can be different from one XPLAN user group to the next.
You can turn off the Advice Record function in System Settings.
Premium Integration – AXA and AIA
AXA Elevate products and AIA Australia Priority Protection products are now available for real-time premium quotations. Risk Researcher already provides real-time binding quotations for Asteron, CommInsure, Tower and Zurich.
The IRESS integrated solution with AXA also provides the capability for Risk Researcher premium modeling information to be automatically transferred to the AXA system, AXA’s Elevate Online, allowing the AXA electronic application process to be invoked without having to re-key any data.
Upcoming Enhancements
The next major enhancement to Risk Researcher's premium modeling engine will incorporate risk loadings and multi-life discounts into premium comparisons.
Risk Researcher will also be introducing a new policy type called Key Body System, to provide professional advisers with premiums and independent rating analysis on Macquarie Life’s Active product.