The Government has offered Australia's three mobile operators, and vividwireless, renewal of their existing spectrum allocated on 15 year licences in the late 90s and early 2000s at set prices, while the Government expects to rake in $3 billion.
“After a tender process involving nine vendors, Asteron
decided to partner with Allfinanz, using underwriting rule sets
provided by Munich Re and tailored by Asteron’s risk assessment team.
“The first stage of the project was completed in
September 2008, allowing Asteron to bring Lifeguard EQ to market in
November 2008. The most recent expansion of the project was completed
in April 2009, delivering additional online tools for insurance
advisers.”
According to Crosswell, Lifeguard EQ processes life insurance
applications using the Allfinanz automated underwriting solution, with
financial advisers entering customer details directly into the
web-based system.
“The Allfinanz intelligent underwriting engine automatically tailors
the questions asked of each applicant, based on their responses, and
the level of insurance cover being requested.
“All information provided by the applicant is recorded, and a PDF
version of the completed application is immediately provided back to
the applicant and adviser, improving transparency and giving applicants
an opportunity to verify data. The entire process is tracked
automatically for advisers, with both new applications and existing
policies able to be reviewed electronically at any time.”
Crosswell said Allfinanz had successfully implemented the complete system within 10 months.
David Bass
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