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

So we are now underwriting criminal scams?...

3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 weeks 4 days ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

2 months 3 weeks ago

ASIC has taken action against a Queensland adviser who was sentenced last May for misappropriating $1.8 million from his clients....

2 weeks 2 days ago

AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions. ...

2 weeks 3 days ago

A former Insignia Financial C-suite exec has taken on a leadership role at MUFG Retirement Solutions as it announces chief executive Dee McGrath will depart after six yea...

2 weeks 3 days ago

TOP PERFORMING FUNDS