Coin cuts the flab
Coin Financial Software has launched a simplified version of its signature risk-writing package in response to client demand for simpler and more cost-effective software solutions.
The new package, Risk Lite, is essentially a condensed version of the Macquarie Bank-backed company’s Coin Office software and, in managing director Darelle Jenkins’ opinion, is particularly well suited to smaller firms and risk writing teams within larger firms looking to keep their costs down.
Jenkins said the new package enables the risk writer to quickly and easily identify a client’s particular insurance needs and the products that meet them.
She said Risk Lite, which is accessible both on and offline, offers comprehensive qualitative and quantitative research for more than 100 term, trauma, total and permanent disability and income protection products and includes a number of time-saving features such as a tool for producing a Statement of Advice.
“Risk writers told us that they often didn’t need all the features Coin Office provided … We have responded by developing Risk Lite, which … provides needs analysis tools to establish the level of cover needed, customised reporting, client information storage and integration with other models in the suite, minus the additional applications more suited to a financial adviser.”
Recommended for you
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
Private market secondaries manager Coller Capital has unveiled a new education platform to improve advisers’ and investors’ understanding of secondaries.
