SmartApp to replace paperwork
Life insurance research and software business PlanTech has launched a software package which it says will replace paper-based systems used to process proposals and applications for life offices.
Life insurance research and software business PlanTech has launched a software package which it says will replace paper-based systems used to process proposals and applications for life offices.
SmartApp, as the new system is named, aims to streamline the process of advisers sending applications through to life offices.
It is designed to be used alongside PlanTech's ProPlanner software with the full range of life insurance products, including term life, income protection and trauma products.
Recommended for you
As the industry navigates the fallout from recent product failures, two major AFSLs have detailed their APL selection process and relationship with research houses, warning a selection error could “destroy” a licensee.
The impending retirement of financial advisers in their 50s could see the profession face significant succession challenges over the coming decade and younger advisers may not be the answer.
With a third of AFSLs being solo advisers, how can they navigate key person risk and ensure they are still attractive propositions for buyers when it comes to their succession planning?
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.