Chatswood serves the life and health insurance sector in New Zealand with market intelligence, data, and bespoke consulting services. Some of these are provided in conjunction with Quality Product Research Limited - a subsidiary that brings you Quotemonster.
We believe that good decisions are more likely to occur when we have good information about the market environment in which we operate. Intuitive leaps and creative decisions are always required, of course, but the more they are based on a firm foundation of observation, the better they tend to be.
Quotemonster tours the capital!
We had a great session in Wellington this week!
Thank you to the attendees, Compliance Refinery and the FMA for joining us.
Important website upgrades: Quotemonster v4.4.0
Our IT team have made some monstrously good upgrades to Quotemonster recently. To get all the good stuff and make sure the site is running at its fastest, please refresh your page and scroll down to ensure that you’re on our latest version – web V4.4.0.
Our latest updates include:
A beta (testing) function called Upload Insurance Quote is now available to all Advicemonster users. Once you’ve saved a PDF version of your insurer quote, drag this into the portal and be amazed when an overview of your information is shown and automatically input in your Quotemonster Client and Benefit Details. Note this is only a beta version, it uses AI to read the uploaded quote, and we require users to review the information that is generated. For more details about our policy on AI use please refer to our terms and conditions or contact us.
Another update available to Advicemonster users is the option to include more reports in your SOA appendices. Simply select the reports you are interested in including and links will be presented in Appendix Four: Quotemonster Research Report.
Chubb Life’s 10% lifetime discount is available for quoting. This discount is applied to new business clients with healthy BMI measurements of between 18.5 and 24.9, are non-smokers, and have no medical loadings or exclusions. To apply the lifetime discount to your quotes, simply select the company in the Result panel and tick the “Apply 10% Lifetime Reward?” option.
Please note, if you’re interested in accessing a BMI calculator, we have one available in the Underwriting tab.
Specific Injury (SI) pricing and quoting is now available! This benefit has been highly requested over the past few years, so we are very excited about this addition. We received a large amount of feedback from advisers, insurers, industry experts and our research advisory board. The four companies you can compare are AIA, Asteron Life, Chubb Life and Partners Life.
AIA, Asteron Life, and Chubb Life require a qualifying cover to be selected with SI, while Partners Life has a standalone benefit, all products have minimum and maximum cover levels. Here are the relevant rules re-qualifying covers when quoting this benefit on Quotemonster:
The consensus from all the feedback we received was to have Partners Life Specific Injury product (Specific Conditions) excluded from the standard comparison by default but include a tick box which selects and ‘turns on’ the rating for Specific Conditions. Therefore, to include this provider in your premium or research comparison, ensure you have selected Include Partners Life Specific Conditions.
We believe that this approach is fair because it gives those Advisers who wish to provide a complete overview of on-sale Specific Injury products, the option to do so.
If you have any questions or improvements you’d like to bring to our attention, please feel free to email us on info@quotemonster.co.nz
Quick - join us! Advicemonster Demo with Aneel!
Over 1,600 Statement Of Advice (SOA) reports have been generated on Quotemonster in the last six months and we invite you to see why!
We welcome you to join our upcoming online Advicemonster training session scheduled on Friday, 16 June 2023 2:00 pm-3:00 pm.
In this session, we have an in-depth walk-through of our Statement of Advice service and how you can create a professional and comprehensive SOA. Be the first to learn about our recent enhancements and ongoing developments from our new AdviceTech Lead, Aneel Ravji. Our Needs analysis and SOA tools are exclusive to the Advicemonster subscription and due to the advanced nature of the product, training can take between 60-90 minutes. This session is great to attend for those considering upgrading their subscription, or if you have already upgraded but would like to learn how to get the most out of it.
If you would like to register, please send us an email on info@quotemonster.co.nz
We look forward to seeing you there!