tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, July 17th, 12:02AM

Insurance

rss
Latest Headlines

Fidelity gets behind risk advice software

Fidelity Life has emerged as the second insurer to support the risk advice system developed by Rotorua-based firm, Risk Management Solutions (RMS). According to Chris Louisson, RMS founder, Fidelity has come in "boots and all" behind the group's Life Risks Report Writer software by offering its allied advisers the system at a discounted price.

Thursday, May 15th 2008, 4:21PM

by David Chaplin

ING Life has already been promoting the RMS products to its associated advisers as well as helping with further research and development of the system.

Currently, well over 70 insurance advisers in New Zealand are using the RMS software, including the 20 or so operating under the burgeoning life advisory arm of fire and general brokerage firm Crombie Lockwood.

Louissan said he would be presenting the RMS products to over 100 Fidelity-affiliated advisers over the next three weeks.

The group, which is 25%-owned by Australian financial services firm Professional Investment Services (PIS), has three software products designed to help advisers ascertain and manage a wide range of client business and individual risks.

As well as its flagship InControl Risk Management Audit Report Writer, which is targeted mainly at accountants, RMS also offers both a business and private version of its Life Risks Report Writer.

Louissan said the software allows insurance advisers to produce a comprehensive risk assessment report for clients that includes recommendations for cover.

However, the RMS software does not recommend products of any particular insurer.

According to Louissan, with compliance now becoming more important advisers need to follow a well-documented advice process.

He said the RMS products would help advisers to "embrace compliance rather than fear it".

RMS is also scheduled to release an Australian version of the life risk software in July, initially through the advisory arm of equity partner PIS.

PIS is the largest financial planning group in Australia with just over 1,500 advisers on its books.

« Health insurance at record high for KiwisCover Life's Bases »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Less stressed during lockdown
New Zealander’s health and wellbeing had surprising benefits from the Covid-19 lockdown.

Southern Cross supports new safe haven for at-risk pets
Southern Cross Pet Insurance has teamed up with Pet Refuge to provide temporary shelter for animals affected by family violence.

nib Foundation supports Lifeline to the tune of $150,000
To support the growing mental health needs of Kiwis emerging from the Covid-19 pandemic, Lifeline Aotearoa has increased its service capacity thanks to a $150,000 grant from nib foundation, the charitable arm of nib New Zealand (nib).

Southern Cross halves staff numbers
Southern Cross Travel Insurance is slashing its staff numbers from 90 to 45 people.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com