OnePath enhances OneCare
ANZ has announced changes to its OnePath OneCare offering which it says will make it more efficient and faster for advisers.
ANZ's head of Life Insurance, Gerard Kerr said that as part of the enhancements, the banking group had introduced an underwriting engine that had allowed it to cut the application process down by up to half the normal time, while still maintaining high assessment standards.
"For example, by categorising questions in a more intuitive way, we've been able to deliver an application process that is more user friendly, simpler and faster," Kerr said.
He said the changes had been based directly on adviser feedback.
AUTHOR
Mike Taylor
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
