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.
Research and website upgrades: what you need to know
QPR Database V16 has been released!
Our Research team have made some monstrously good updates to the QPR database recently.
QPR Database V16 has been released!
Our Research team have made some monstrously good updates to the QPR database recently. If you’ve noticed we’re running a bit slower than usual, please refresh your page and scroll down to ensure that you’re on our latest version – QUOTE ENGINE V.3.0 B1 | QPR V.16.0 | WEB V4.6.0
Our latest updates to Researchmonster include:
– Research for the following insurers are now available to include in your comparison:
o OneChoice:
· Life, Trauma (Accelerated), and TPD (Any Occupation Accelerated)
o Booster
· Super Simple Life
o Chubb Life & Living (replaces LifeOne in the main quote flow, however, can still be accessed via Standalone Head to Head)
· Life, and Trauma (Standalone)
o NZ Seniors
· Term Life
o Greenwich
· QuickCover Life
These changes have led to an update of our Product Map, click here to download the most recent version.
– Policy document update for Unimed Hospital Select effective 1 August 2024.
o Rating changes applied to:
· Loyalty Benefits, Non-Surgical Benefits, Child Features, and Exclusions
– Policy document updates for:
· AA Health
· AA Life
· ANZ Life & Living
· SBS (Term Life)
– Reviews:
o Based on adviser feedback, we have recently updated the Extras and Options on Income and Mortgage selections on Quotemonster:
· Fidelity Life’s Extras package now includes Specified Medical Conditions, Specific Injury Benefit, Death Benefit, and TPD
· Partners Life Options package now includes Injury Benefit, and Trauma Benefit
o Trauma remediation: sub-items in Paralysis, amount score in Financial Planning & Legal Advice
o Medical remediation: sub-item in Physiotherapy (Accuro)
Recent Pricing Updates
We are now quoting the latest Unimed medical rates effective 1 August.
Standalone Head to Head is a powerful tool subscribers can use to:
– Compare legacy products for replacement business
– Compare products from the same provider; e.g., AIA Critical Conditions vs Progressive Care
– Compare different product sets; e.g., Severe Trauma vs Comprehensive Trauma
– Quick head to head research comparisons
Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.
Business Insurance is a powerful tool Advicemonster subscribers can use to quote, research, and run a needs analysis on for Life, Trauma, TPD and Key Person. We highly recommend joining us for our next online training session to learn more about the service, and as a thank you for attending we can offer a 14-day trial on your account for new users.
Upcoming training sessions:
– Introduction to Quotemonster
Quotemonster training session where we demonstrate the basic functions of our website, along with some handy tips and tricks along the way.
Friday, 30 August 2024 9:30 am-10:30 am
– Demystifying Advicemonster
Advicemonster training session where we demonstrate how to use our needs analysis and statement of advice (SOA) tools.
Friday, 30 August 2024 10:30 am-11:30 am
– Business Risk Research and SOAs with Quotemonster
Business risk pricing, research, and SOA demonstration.
Friday, 30 August 2024 12:00 pm-12:45 pm
– Research Deep Dive
Join our research team as we meet up online and have a discussion on a specific research topic.
If you have any questions or are interested in attending one of the above-mentioned sessions, please send us a request on info@quotemonster.co.nz
Happy Crunching!
Research and website upgrades: what you need to know
Our Research team have made some monstrously good updates to the QPR database recently.
QPR Database V15.9 has been released!
Our Research team have made some monstrously good updates to the QPR database recently. If you’ve noticed we’re running a bit slower than usual, please refresh your page and scroll down to ensure that you’re on our latest version – QUOTE ENGINE V.3.0 B1 | QPR V.15.9 | WEB V4.6.0
Our latest updates to Researchmonster include:
- Policy document update for AIA Accidental Injury effective 26 April 2024
o Rating changes applied to:
· Collarbone Fracture, Hip Fracture, Jaw Fracture, Pelvis Fracture, Shoulder Fracture, Skull Fracture, Vertebrae Fracture, Loss of Thumb and Index Finger, Loss of Digits, Fingers and Toes, Inflation Adjustment, and Exclusions
For further information on these changes, please click here.
- Policy document update for Fidelity Life Monthly Mortgage Repayment effective 20 June 2024
o Rating changes applied to:
· Offsets
For further information on these changes, please click here.
Policy document linked to:
o Partners Life personal and business effective 22 April 2024
- Reviews:
o Asteron Life’s Early Trauma Pricing and Research is now available in Business Trauma, simply select this option in your Product and Provider Settings
o Trauma: sub-item remediation to Special Events (ASB), Benefit Payment (Asteron Life), Bowel Disease (MAS), and Survival Definition
o Life: sub-item remediation to Upgrade Policy Wording (nib)
o Income and Mortgage Protection: item remediation for Reduction in Wait Period (Asteron Life)
o Key Person: sub-item remediation for Benefit Payment Criteria (Asteron Life)
Recent Pricing Updates
We are now quoting the latest Southern Cross and nib medical rates effective 1 July.
Standalone Head to Head is a powerful tool subscribers can use to:
- Compare legacy products for replacement business
- Compare products from the same provider; e.g., AIA Critical Conditions vs Progressive Care
- Compare different product sets; e.g., Severe Trauma vs Comprehensive Trauma
- Quick head to head research comparisons
Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.
Business Insurance is a powerful tool Advicemonster subscribers can use to quote, research, and run a needs analysis on for Life, Trauma, TPD and Key Person. We highly recommend joining us for our next online training session to learn more about the service, and as a thank you for attending we can offer a 14-day trial on your account for new users.
Upcoming training sessions:
- Introduction to Quotemonster
Quotemonster training session where we demonstrate the basic functions of our website, along with some handy tips and tricks along the way.
Friday, 26 July 2024 9:30 am-10:30 am
- Demystifying Advicemonster
Advicemonster training session where we demonstrate how to use our needs analysis and statement of advice (SOA) tools.
Friday, 26 July 2024 10:30 am-11:30 am
- Business Risk Research and SOAs with Quotemonster
Business risk pricing, research, and SOA demonstration.
Friday, 26 July 2024 12:00 pm-12:45 pm
If you have any questions or are interested in attending one of the above-mentioned sessions, please send us a request on info@quotemonster.co.nz
Happy Crunching!
Research and website upgrades: what you need to know
Our Research team have made some monstrously good updates to the QPR database recently.
QPR Database V15.8 has been released!
Our Research team have made some monstrously good updates to the QPR database recently. If you’ve noticed we’re running a bit slower than usual, please refresh your page and scroll down to ensure that you’re on our latest version – QUOTE ENGINE V.3.0 B1 | QPR V.15.8 | WEB V4.5.9
Our latest updates to Researchmonster include:
- Policy documents update effective 8 March 2024
- AIA Private Health
- AIA Cancer Care
- AIA Real Health (access via Standalone Head to Head)
- ASB Private Health
o Rating changes applied to:
· Loyalty Benefits, Physiotherapy, Medical Tourism, Recovery Benefit, Exclusions
For further information on these changes, please click here.
- Asteron Life – Policy documents update effective 25 March 2024
o Rating changes in personal applied to:
· Life: Grief & Funeral Support, Terminal Illness, Child Funeral
· Trauma: Benefit Payment, ADL requirements for a range of major trauma conditions reduced from three to two - Alzheimer’s Disease, Dementia, Encephalitis, Major head Trauma, Meningitis/meningococcal Disease, Multiple Scenarios, Muscular Dystrophy, Parkinsons Disease, Peripheral Neuropathy, Stroke, Cerebral Aneurysm
· Income and Mortgage Protection: Wait Period Reduction
o Rating changes in business applied to:
· Life: Grief & Funeral Support
· Key Person: Benefit Payment Criteria, Conversion
· Trauma: Benefit Payment, Systemic Sclerosis
For further information on these changes, please click here.
- Reviews:
o Medical: sub-item remediation to Diagnostic Tests, Exclusions
o Trauma: sub-item remediation to Child Trauma, Coma, Life Cover Buyback, Upgrade Policy Wording, incidence remediation to Future Insurability, amount score remediation to Special Events Increase
o Life: sub-item remediation to Business Events Increase
o Review of nib ‘Serious Conditions Financial Support Option’
Policy document linked and updates made to:
o Pinnacle Life (all products)
o Momentum Life (all products)
Financial Strength Ratings (FSR) updates applied to:
o AA Life from AA- to AA+
o Accuro from B+ to B
o Asteron Life from AA- to A+
o Southern Cross from A to A+
Our Insurer Pass Back Rules and Policy Terms infographic has also been updated and here is where you can view and download a copy:
Standalone Head to Head is a powerful tool subscribers can use to:
- Compare legacy products for replacement business
- Compare products from the same provider; e.g., AIA Critical Conditions vs Progressive Care
- Compare different product sets; e.g., Severe Trauma vs Comprehensive Trauma
- Quick head to head research comparisons
Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.
Our Health Benefit Maximums report available to Researchmonster and Advicemonster users, has also been updated to align with the updates in our research database. This quick reference guide aims to help advisers quickly identify some of the important differences when it comes to health cover benefit maximums. It doesn't include every individual niche benefit that some insurers offer, and some benefits can only be claimed on under specific circumstances (e.g., within 12 months of surgery).
Business Insurance is a powerful tool Advicemonster subscribers can use to quote, research, and run a needs analysis on for Life, Trauma, TPD and Key Person. We highly recommend joining us for our next online training session to learn more about the service, and as a thank you for attending we can offer a 14-day trial on your account for new users.
Our next session is scheduled for:
Thursday, 6 June 2024 11:30 am-12:30 pm
Upcoming training sessions:
- Introduction to Quotemonster
Quotemonster training session where we demonstrate the basic functions of our website, along with some handy tips and tricks along the way.
Wednesday, 5 June 2024 10:00 am-11:00 am or Wednesday, 19 June 2024 1:00 pm-2:00 pm
- Demystifying Advicemonster
Advicemonster training session where we demonstrate how to use our needs analysis and statement of advice (SOA) tools.
Thursday, 6 June 2024 10:00 am-11:00 am
If you have any questions or are interested in attending one of the above-mentioned sessions, please send us a request on info@quotemonster.co.nz
Happy Crunching!
Research and website upgrades: what you need to know
QPR Database V15.7 has been released! Our Research team have made some monstrously good updates to the QPR database recently.
QPR Database V15.7 has been released!
Our Research team have made some monstrously good updates to the QPR database recently. If you’ve noticed we’re running a bit slower than usual, please refresh your page and scroll down to ensure that you’re on our latest version – QUOTE ENGINE V.3.0 B1 | QPR V.15.7 | WEB V4.5.7
Our latest updates to Researchmonster include:
- nib - S&P global ratings upgrade from A- to A effective 10 February 2024
- Westpac – new policy document for Term Cover effective 1 July 2023
o rating changes applied to:
· Trauma Accelerated – rating added to Female Carcinoma in situ
- Fidelity Life – new policy document for Platinum Plus Business effective 23 November 2023
o Rating changes applied to:
· Life, TPD, Trauma: Business Events
· Life: Grief & Funeral Support
· Trauma – Benefit Payment
o For further information on these changes, please click here.
- nib – new policy document for Ultimate Health and Ultimate Health Max effective 1 December 2023
o Rating changes applied to:
· Medical: Overseas Treatment (UH and UHM), Support & Allowance (UH and UHM), Waiver of Premium Benefit (UHM)
· Trauma: Benign Brain & Spine Tumour, Stroke, Encephalitis, Heart Attack
o For further information on these changes please click here.
- Reviews:
o Income and Mortgage Protection: reduced weighting for sub-item ‘Any benefit paid from other insurance policies’ in Offsets – further review may be required.
o Trauma: following on from feedback from our Research Advisory Board and external consultation, Cerebral Aneurysm has been added as a minor condition in Trauma. We have also updated the associated Trauma Claims Data infographic, click here.
o Remediation to nib Worldwide cover (Life & Living).
o Remediation to AIA cancer benefit booster – further review may be required.
o Medical: sub-item remediation applied to Overseas Treatment, review of Non-Surgical Benefit.
Standalone Head to Head is a powerful tool subscribers can use to:
- Compare legacy products for replacement business
- Compare products from the same provider; e.g., AIA Critical Conditions vs Progressive Care
- Compare different product sets; e.g., Severe Trauma vs Comprehensive Trauma
- Quick head to head research comparisons
Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.
Our Health Benefit Maximums report available to Researchmonster and Advicemonster users, has also been updated to align with the updates in our research database. This quick reference guide aims to help advisers quickly identify some of the important differences when it comes to health cover benefit maximums. It doesn't include every individual niche benefit that some insurers offer, and some benefits can only be claimed on under specific circumstances (e.g., within 12 months of surgery).
Business Insurance is a powerful tool Advicemonster subscribers can use to quote, research, and run a needs analysis on for Life, Trauma, TPD and Key Person. We highly recommend joining us for our next online training session to learn more about the service, and as a thank you for attending we can offer a 14-day trial on your account for new users.
Our next sessions are scheduled for:
Thursday, 11 April 2024 9:30 am-10:30 am or Tuesday, 23 April 2024 11:00 am-12:00 pm
Upcoming training sessions:
- Introduction to Quotemonster
Quotemonster training session where we demonstrate the basic functions of our website, along with some handy tips and tricks along the way.
Thursday, 28 March 2024 10:30 am-11:30 am or Wednesday, 10 April 2024 9:30 am-10:30 am
- Demystifying Advicemonster
Advicemonster training session where we demonstrate how to use our needs analysis and statement of advice (SOA) tools.
Tuesday, 26 March 2024 10:30 am-11:30 am or Wednesday, 10 April 2024 11:00 am-12:00 pm
If you have any questions or are interested in attending one of the above-mentioned sessions, please send us a request on info@quotemonster.co.nz
Happy Crunching!
Research and website upgrades: what you need to know
QPR Database V15.6 has been released! Our Research team have made some monstrously good updates to the QPR database recently.
QPR Database V15.6 has been released!
Our Research team have made some monstrously good updates to the QPR database recently. If you’ve noticed we’re running a bit slower than usual, please refresh your page and scroll down to ensure that you’re on our latest version – QUOTE ENGINE V.3.0 B1 | QPR V.15.6 | WEB V4.5.5
Our latest updates to Researchmonster include:
- Partners Life - new policy document for personal and business V19 effective 06/10/2023
- AIA - new policy document for AIA Living Personal/Business Life and Trauma effective 10/10/2023
o rating changes applied to:
· Life: ‘Grief & Funeral Support’
· Trauma: ‘Child Trama’ age, ‘HIV’, and ‘Advanced AIDS’
- ASB - new policy documents and rating changes applied to:
o IP/MP Lifestyle Security effective 31/07/2023
o Life and Trauma effective 10/10/2023
- Fidelity Life - enhancements effective 23/11/2023 and rating changes applied to:
o Life, Life Income, TPD, Trauma: ‘Special events’
o Life: ‘Grief & Funeral Support’ (reflects the introduction of the new Repatriation Benefit)
- MAS - new policy documents and rating changes applied to:
o Professional Life Plan effective 01/06/2023
· Life: ‘Grief & Funeral Support’
· TPD: ‘Counselling & Support Benefits’
· Trauma: ‘Child Trauma’, ‘Grief & Support Benefits’, ‘Upgrade Policy Wording’
o Income Security effective 28/08/2023
· Income Protection: ‘Dependent Leave Without Pay’, ‘Death Benefit’
- Unimed - new policy document effective 01/08/2023 and rating changes applied to:
· Minor Surgery
· Physiotherapy
- Reviews:
o Life: ‘Exclusions’
o Mortgage Protection: ‘Offsets’
o Trauma: ‘Cardiac Arrest’, ‘Future Insurability’, ‘Angioplasty’, ‘Diagnosis and Partial Benefits’
o Medical: ‘Overseas Treatment’, ‘Surgical Benefit’, ‘Mental Health Support, ‘GP Minor Surgery’, ‘Imaging’
Standalone Head to Head is a powerful tool subscribers can use to:
- Compare legacy products for replacement business – a list of the products available in this feature can be found here
- Compare products from the same provider; e.g., AIA Critical Conditions vs Progressive Care
- Compare different product sets; e.g., Severe Trauma vs Comprehensive Trauma
- Quick head to head research comparisons
Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.
Our Health Benefit Maximums report available to Researchmonster and Advicemonster users, has also been updated to align with the updates in our research database. This quick reference guide aims to help advisers quickly identify some of the important differences when it comes to health cover benefit maximums. It doesn't include every individual niche benefit that some insurers offer, and some benefits can only be claimed on under specific circumstances (e.g., within 12 months of surgery).
If you have any questions regarding these please feel free to email us on info@quotemonster.co.nz
Happy Crunching!
Research and website upgrades: what you need to know!
QPR Database V15.5 has been released!
Our Research team have made some monstrously good updates to the QPR database recently. If you’ve noticed we’re running a bit slower than usual, please refresh your page and scroll down to ensure that you’re on our latest version – QUOTE ENGINE V.3.0 B1 | QPR V.15.5 | WEB V4.5.1
Our latest updates to Researchmonster include:
- Medical claims model update
o claims scenario increased to $100K
o new benefits added: ‘Child Features’, ‘Skin Lesion Surgery’ and ‘Medical Tourism’
o item removed: ‘Product Flexibility’
o ‘Minor Surgery’ updated to ‘GP Minor Surgery’
- Chubb Life – new policy document for Assurance Extra Business Life, Trauma and TPD effective 26 June 2023
o rating changes applied
o standalone trauma cover added and rated
- Partners Life – TPD item in Trauma updated to optional effective 6 October 2023
- Accuro – new policy document for SmartCare and SmartCare+ effective 1 September 2023
- AIA – new policy document for AIA Living Umbrella, Income, and Mortgage Protection effective 31 July 2023
o rating changes applied to ‘Inflation Adjustment’
- AIA Legacy renamed to AIA Real
Reviews:
- Life Income: re-weight made to ‘Terminal Illness Booster’
- Trauma: remediation to ‘Cancer Benefit Booster’
- Income and Mortgage Protection: remediation to ‘Offsets’
- TPD: ‘TPD Main Cover Definition’ – revisions to make Any Occupation rating scale appropriate when considered alongside Own Occupation ratings
Standalone Head to Head is a powerful tool subscribers can use to:
- Compare legacy products for replacement business – a list of the products available in this feature can be found here
- Compare products from the same provider; e.g., AIA Critical Conditions vs Progressive Care
- Compare different product sets; e.g., Severe Trauma vs Comprehensive Trauma
- Quick research comparisons
Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.
Our latest updates to Advicemonster include:
Business Insurance quoting, research and needs analysis functions for lump sum cover (Life, Trauma and TPD).
You can now produce a Business Statement of Advice (SOA) supported with pricing and research (on lump sum products only). If your organisation would like training on how to produce a Business SOA using Advicemonster, please contact us.
Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.
A highly requested infographic Health Benefit Maximum is now available to Researchmonster and Advicemonster users and is in the Research Tools option in your main menu. This quick reference guide aims to help advisers quickly identify some of the important differences when it comes to health cover benefit maximums. It doesn't include every individual niche benefit that some insurers offer, and some benefits can only be claimed on under specific circumstances (e.g., within 12 months of surgery).
If you have any questions regarding these please feel free to email us on info@quotemonster.co.nz
Happy Crunching!
