Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

AMP cuts underwriting time

amp/

4 August 2009
| By Corrina Jack |

AMP has launched TeleDr, a new phone-based service that cuts the underwriting time taken to access medical records.

TeleDr has seen the underwriting process of obtaining medical information from doctors via written requests drop from around three weeks to an average of five days, according to AMP.

Under the new system, a healthcare professional from the Unified Healthcare Group (UHG) will telephone the customer’s doctor directly and offer to obtain the required medical information over the phone.

Until now the process of accessing medical records has been time-consuming and costly, AMP chief underwriter Bernadene Gordon said.

“The length of time it can take to obtain medical information is a significant impediment to completing business quickly,” Gordon said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 day 8 hours ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 weeks 5 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

4 weeks ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

4 days 2 hours ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

1 week 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND