Software brings insurance solution to the home
Robert Corben
Technology company Saropa has launched a collection of online tools that allows clients to monitor and review their insurance needs at home, in conjunction with their adviser.
Launched by former Coin Software and InvestmentLink senior managers (respectively) Craig Hathaway and Rob Corben, Saropa Home Essentials will be offered through “trusted advisers, brokers and service providers”.
Home Essentials enables clients to track their own home, contents, health and life policy details, and also store related documents and photos online, according to Hathaway.
“It represents the most tangible way for clients to identify their own underinsurance gap and also to prove ownership in any potential claim,” he said.
“At the same time, this collection of highly-featured online tools will also help client intermediaries to build stronger and stickier relationships with their clients.”
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.