Life insurer AIA Australia has announced a new risk-specific data feed to AdviserLogic to help financial advisers produce faster and more accurate client information for administering life insurance policies.
AdviserLogic is a cloud-based software system that enables financial advisers to systemise and standardise advice documentation and business processes to increase the productivity of practices.
The new data feeds help reduce time and costs for financial advisers by eliminating duplication and errors of data entry of client information, a significant frustration of financial practices. AdviserLogic feeds will allow seamless client information transfer from AIA Australia to the adviser’s desktop without the need to re-enter or update client records.
“Streamlining administration for life insurance advice, applications and claims is a major focus of efficiency improvement for AIA Australia to help financial advisers deliver a better, faster client experience and service delivery,” said Pina Sciarrone, AIA Australia’s Chief Retail Insurance Officer.
AIA Australia has been actively developing strategic partnerships with cloud-based technology groups to enable faster processing of insurance applications and advice documentation by financial advisers.
Ms Sciarrone said financial advisers are constantly seeking ways to create time savings and reduce complexity around insurance administration so they can focus on the quality of advice and client conversations. It’s about simplifying the experience and removing obstacles.
The partnership with AdviserLogic means more financial advisers recommending AIA Australia risk products will have access to seamless client information.
Cloud-based applications such as AdviserLogic allow advisers to update client records and complete insurance documentation anywhere, anytime, thus creating flexibility and time savings.
“Cloud-based adviser software systems are perfect for seamless data transfer, particularly automated data feeds containing insurance policy information. We’ve teamed up with AIA to make life easy for advisers,” said Daniel Gara, Head of Product Development, AdviserLogic.
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About AIA Australia
AIA Australia Limited is an independent life insurance specialist with over 40 years of experience building real and sustainable partnerships. AIA Australia offers a range of products that protect and enhance the lives of nearly three million Australians and is widely recognised as a market leader in product innovation and development.
AIA Australia is the country’s largest group life insurer by market share and works closely with major financial institutions and corporate partners to provide life insurance solutions for their customers. In addition, AIA Australia is the fastest growing provider of retail life insurance products sold through financial advisers. AIA Australia also works with a network of affinity partners that distribute life insurance products. By having a partnership philosophy at the core of its business, AIA Australia is focused on building genuine relationships and delivering real value to its business partners.
In March 2014, AIA Australia introduced ‘Vitality’ – the world’s leading scientifically-backed health and wellness program, to the Australian market. AIA Vitality aims to be the catalyst for real change to the positive health outcomes of Australians.