Iress releases ‘all-in-one’ solution
Iress has announced it has extended its premium modelling engine to include benefit options that are available across the entire Australian risk market.
The enhanced engine is available within Iress’ Insurance Quotation Plus (IQM+) software and allows users to easily include any benefit within their premium model.
Iress research manager Louie Dimovski said the enhancements will give financial advisers a significant advantage when conducting insurance premium analysis by delivering greater depth, flexibility and efficiencies.
“Our risk insurance research is renowned for providing the most exhaustive and transparent qualitative analysis of risk insurance provisions,” he said.
“With the addition of over 50 new benefit options within IQM+ Premium Modelling, we feel that the breadth of our premium analysis is now as comprehensive as our provision analysis. This reinforces IQM+ as the prominent risk advice software tool for advisers.”
According to Dimovski, IQM+ will continue to provide true packaged premiums. These allow the bundling of lump sum cover types with income protection and business expense benefits.
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