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.
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
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.