CommInsure is improving its underwriting offer for financial advisers by launching a new service and updating its existing rules.
Advisers will now have the option to request a dedicated telephone-interviewing team to collect information from customers directly to complete their personal statement for life cover.
The feature aims to reduce advisers' compliance burden and risk exposure as well as save time, CommInsure head of life distribution Olivia Sarah-Le Lacheur said.
CommInsure also upgraded its existing rules for underwriting by increasing auto-acceptances to include loadings and exclusions, and reducing unnecessary referrals within WriteAway, its online underwriting platform for risk insurance.
Lacheur said the enhancements are designed to improve advisers' productivity by providing them more choices when applying with CommInsure.
They are the first phase of a broader program in CommInsure's effort to transform its digital business platforms and complement the product enhancements released at the end of 2016, she added.
The Australian-based tele-interview service is available Monday to Friday from 8am to 8pm (Eastern Standard Time).