A Microscopic Urinalysis (MSU) is no longer required: “… a dip stick urine test is included in all medical examinations, if there are any abnormalities detected a MSU will be requested as a reflex test”. Verbatim feedback from advisers included: You must be logged in to post or view comments. All rights reserved. Kenneth Nicholas. Membership is free, and your security and privacy remain protected. Curtin University. Adviser Advantage. A key aim of the engine is to significantly reduce the number of questions it asks a particular customer segment when they apply for a policy. In my previous roles I have gained knowledge and experience in the technical disciplines of both claims and underwriting. To date, almost 1,000 unique conditions (including aliases) have been selected from the engine’s catalogue, 900 of which are medical. The number of advisers using the engine is set to increase in coming months, said OnePath chief underwriter Peter Tilocca. Search. View Lorenne’s full profile. Industry-Wide Mental Health Support for Advisers, PPS Mutual – Profit-Share Assignment to Members, Reality of Fees for Risk Advice Challenged, AIA Australia Launches New Trauma Product Option, Life Insurance in Australia – The Cycle of Value Destruction, MLC Life Creates New Life Insurance Division and Appoints Chief. Tags analyticsfinanceAIinsurancemachine learningOnePath, More about AdvancedANZAustraliaTechnologyUniversity of Technology SydneyUTS. Created in collaboration with the University of Technology Sydney’s Advanced Analytics Institute, the new underwriting engine provides simpler, more intuitive experience for customers applying for OneCare insurance. They include: Increased testing levels for HIV and Hepatitis B and C: The techniques have been used to slim down the huge number of questions asked in insurance application forms, and bring “plain English” to questions around medical conditions. To achieve this, OnePath partnered with the University of Technology Sydney’s (UTS) Advanced Analytics Institute (AAi) in 2016. Companies that exhibit sustainably growing dividends do not seek to generate a high income stream, nor do they try to [...], Growth stocks have been on an upward trajectory for years, a trend that has accelerated due to the COVID-19 pandemic. AdviserVoice PTY Limited is prohibited. Principal Underwriter at OnePath Sydney, Australia 500+ connections. Copyright © 2020 IDG Communications, Inc. Cessation of Prostate Specific Antigen (PSA) tests for males and mammograms for females on the basis of ‘age + benefit + sum insured’ for lives insured under the age of 50. Ranpak digital transformation expands sales of packing robots, CIOs cultivate political capital in response to pandemic, How to speed up software development (without killing morale), Seeking a new gig? Advisers have given OnePath’s life insurance underwriting engine their tick of approval after ranking their experience a Net Promoter Score (NPS) of +53, where anything above +50 is regarded as ‘excellent’. Previously an arm of ANZ bank, OnePath Life insurance was formally acquired by Zurich Australia in June. Liked by Craig Hume. Underwriter at OnePath Life Limited Auckland, New Zealand 309 connections. 375 Reproduction in whole or in part in any form or medium without express written permission of Join to Connect. Get breaking news alerts, daily news and analysis email summary and on-depth special reports on key trends and developments. The number of advisers using the engine is set to increase in coming months, said OnePath chief underwriter Peter Tilocca. Commenting on the results, ANZ Wealth Chief Underwriter Peter Tilocca said: Further, almost 1,000 unique conditions (including aliases) have been selected from the catalogue, These enhancements have been made following the completion of a recent review and will be incorporated within OnePath Life’s September 19 2020 release. OnePath’s new underwriting engine ‘Excellent’, independent survey finds, Regulatory Compliance & Consumer Protection, Aussie fund manager gives Budget an ‘F’ for FAIL, More scrutiny needed on licensee and business model, bfinance appoints Client Consultant to lead institutional investor expansion in Australia, Simplicity Loans & Advisory continues team growth with new Associate Director of Sales, Capital preservation the need of the hour for SMSFs, Weekly market update – week ending 16 October, 2020, CPD: Ethics and the use of listed securities, CPD: The airline food enigma - The way clients think, and how 9 out of 10 advisers respond, CPD: From global to local - Lockdown insights and what it might mean for investors, Advisers ranked the following:Easy for me to complete – 8.4 out of 10, The time it takes to complete the application process – 8.1 out of 10, It was clear what information was required – 8.1 out of 10, Experience over the past two weeks – 8.1 out of 10, The amount of information required – 7.9 out of 10, “The application is user-friendly and easy for clients to understand.”, “Straight-forward, easy process, can complete offline.”, “I find compared to other providers that OnePath is the smoothest application process to complete.”, “The application is great as is and does not overwhelm the client with too many unnecessary questions.”.