CommInsure simplifies insurance quotes
In a bid to improve the time required and complexity of creating insurance and annuity quotes, CommInsure has launched an on-line, streamlined quoting system for financial planners.
CALQ, which is an acronym for the CommInsure Annuities and Life Quote tool, was specifically designed for advisers following extensive trials to ensure the system provided reliable and fast quotations.
The initiative also offers advisers telephone support to guide them through the process of creating a quotation via CALQ.
CommInsure general manager of market development and distribution Graham Putt said the final product was the result of consultations with advisers about their needs and wants.
“CALQ delivers a solution that is simple and intuitive to use, where a complete quotation can be accomplished on a single screen,” he said.
The offline version of CALQ will be available for advisers in early 2007.
Recommended for you
Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Planning Association of Australia.
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD and death cover space.
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers.
The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market and risk adviser numbers.