Aegon has said it will save advisers and their customers about 'five days of waiting' following improvements made to its back-office systems and underwriting processes.
As part of the changes, the insurer will also be able to let advisers know what extra information it needs for an application via its protection document service within 24 hours. Aegon said it will start sending more documents electronically to advisers. This includes requirements letters (which tell advisers what information it needs to progress an application), client questionnaires and any associated reminder letters. This means advisers will receive these documents on average five days...
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
The official supplement of this year's COVER Excellence Awards is available to read now as an eBook.
Child cover within critical illness plans has assumed a far greater importance in recent years, writes CIExpert's Alan Lakey.
Holloway Friendly has widened its new online underwriting process allowing protection advisers to write both full and short term income protection business in minutes.