CommInsure launches straight-through risk insurance processing platform
CommInsure is about to launch WriteAway, its new straight-through processing platform for risk insurance.
The full “end-to-end” electronic application form and advanced underwriting rules engine is equivalent to a senior underwriter and has full tracking capability that manages new cases through to policy completion within 20 to 30 minutes, according to CommInsure head of adviser distribution Todd Kardash.
“WriteAway has been designed to ensure CommInsure always requests the right level of information upfront from advisers to minimise the need to go back for more information or to tele-underwrite,” Kardash said.
WriteAway’s underwriting engine accepts around 30 per cent of cases in the first instance.
The processing platform operates non-sequentially enabling advisers to navigate backwards and forwards between screens as sequential processing platforms had been a “common frustration of advisers”, he said.
It also allows advisers to save partly completed applications and produce a client and adviser pack immediately, a simple process for financial planners who have not previously specialised in risk insurance, Kardash said.
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