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.
