AdviserLogic has launched an upgrade of RiskLogic, its life insurance quoting and comparison module, with a fresh and modern user interface redesign and new data provided by Rice Warner.
Two key enhancements are the inclusion of legacy product research as well as quoting and research on more than 1,200 insurance products in the group, platform and industry fund space. The new dataset from Rice Warner allows advisers to compare the features of a client’s legacy policy with a recommended product in order to simplify and speed up SoA preparation.
AdviserLogic’s head of development Daniel Gara says the upgrade allows advisers to provide their clients with trusted, qualitative information to help explain to clients how product features differ and why one product may be better for them than another.
“The enhanced analysis allows advisers to identify feature-based strengths and weaknesses and it’s all right at their fingertips,” Mr Gara said.
Alastair Adamson, Consultant Rice Warner said, “We are pleased to be working with AdviserLogic on this exciting update. Rice Warner has been working in the Australian insurance industry for three decades, and we pride ourselves on the breadth, depth and accuracy of the insurance data. Our staff have a depth of knowledge of Retail Insurance, Group Insurance and Superannuation that allow us to keep at the forefront of research.”
Other features of the revamped RiskLogic include multi-life discounts, adjustment of premiums for commission rebating, flexi-linking and optimisation and premium projection.
Ashleigh Jaremyn, Head of Technical & Software at My Planner Australia which uses RiskLogic said, “This new AdviserLogic development provides a fantastic, easy-to-use comparison tool for those advisers providing risk advice. It is wonderful to see a software provider continually progressing their software to help advisers in what they do.”
AdviserLogic was the winner of the Best Value for Money Award and Ease of Use Award in the 2015 Investment Trends Planner Technology Report.
Source: Adviser Logic
