Aviva updates individual protection underwriting approach

New deferred period for self-employed

Hemma Visavadia
clock • 1 min read

Aviva has updated its individual protection underwriting process designed to accelerate the rate of immediate decisions on applications and new business for intermediaries.

The underwriting changes incorporate an expansion of Non-Medical Limits for individual protection policies, while a number of changes to the underwriting rules for the Aviva Life Protection Solutions (ALPS) platform have also been implemented. This, Aviva stated, will increase its straight-through processing rates by approximately 1.5%. The provider relaxed its underwriting restrictions for Covid-19 for individual protection policies in May last year and this has now also been automated as part of the ALPS platform. As a result, life and critical illness terms can now be automatica...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Underwriting

Vitality launches automated underwriting tool

Vitality launches automated underwriting tool

Provides advisers with immediate decisions

Jaskeet Briah
clock 25 April 2024 • 1 min read
Swiss Re launches AI for underwriting

Swiss Re launches AI for underwriting

AI assistant Guide Scout

Cameron Roberts
clock 22 April 2024 • 1 min read
Partner Insight: Underwriting made clear

Partner Insight: Underwriting made clear

Alun Beynon, Protection Specialist at Scottish Widows, provides his views on Consumer Duty and Underwriting.

Alun Beynon, Protection Specialist @ Scottish Widows
clock 15 April 2024 • 2 min read