Quality Product Research: addition of specific injury insurance rating

Specific Injury Cover is of great benefit in circumstances where ACC or other insurance policies do not provide sufficient financial protection. Although it presents as a succinct product (or optional benefit), it offers a comprehensive injury cover at an affordable price. It may be the case that this product appeals only to a particular market niche, but we believe that its benefits and features are of considerable value and should therefore be included within our rated products’ suite.

We have a draft comparison of those insurers who offer this product but are yet to release this publicly, pending data to support our ratings.

We invite you to join us on this rating process as we greatly value your input and feedback on changes we make to our platform. We are looking at gaining further insight into this product and would really appreciate any data that you are able to share with us from experience. We are especially keen to gain a better understanding of:

  • The most claimed benefits within Specific Injury.
  • The most claimed fractures.
  • The features that are claimed more than once.

It would be of considerable assistance if you are able to provide us with relevant data and claims information.

Once we have received and reviewed all the feedback, relevant information and data from the Insurers we have communicated this to, we will publish a preliminary rating report for you to review.

Please note that at this stage, the rating framework we have formulated for Specific Injury Cover can change depending on the information we receive from those insurers who wish to participate in this exercise. The finalised ratings will subsequently be published and be available to view on Quotemonster.

If you're interested in being involved in this rating, have had a client with a claim, or are an expert in this field please email us on researcher@qpresearch.co.nz 

We look forward to your assistance and input with this rating exercise and thank you in advance for your participation and time.


Quotemonster training session - check out the new website!

We invite you to join our next training session with Kelly, our National Partnerships Lead, which takes place on Monday, 23 May 2022 10:00 AM-11:00 AM. 

In this introductory session, we will go over the basics of using the website including: 

  • How to directly compare two insurers for replacement business (Head-to-Head) 
  • How to download our detailed comparison and client friendly benefit overview or heat map report
  • How to add banks and non-adviser companies to your Research comparison 
  • How to find older policy documents

...and you’ll get a look at our new website.

All Industry members are welcome to join this session so please register your interest by emailing us on info@quotemonster.co.nz

Please feel free to contact us if you're also interested in a 14-day Research trial!

Happy Crunching!


Quotemonster update and more daily news

Quotemonster has gone through a major upgrade over the weekend, including the following changes:

  • Big improvements to Advicemonster: much more document layout and content control to make your SOA more yours than ever before
  • Ease of use improvements: new menu structure so it is easier to find what you want (including more than 900 old policy documents, plus funeral plan research and more)
  • Clearer to read text and layout: making it easier to view the research
  • Simpler back-end billing processes: if you subscribe you should notice very quick response on the credit card billing and invoicing process

The upgrade has taken some time, of course. We continually monitor the site and check for issues with the newly installed features, but if you think something is not right and want to bring it to our attention, please let us know using the help function on the site, email, or call. If you need something urgently and just want it now you can always click the button to go back to the old site as an interim measure.

Try out the new Quotemonster site at your usual link.

More daily news:

 


Quotemonster introductory training session!

We invite you to join our next training session with Kelly, our National Partnerships Lead, which takes place on Monday, 9 May 2022 11:00 AM-12:00 PM. 

In this introductory session, we will go over the basics of using the website including: 

  • How to directly compare two insurers for replacement business (Head-to-Head) 
  • How to download our detailed comparison and client friendly benefit overview or heat map report
  • How to add banks and non-adviser companies to your Research comparison 
  • How to find older policy documents

...and you’ll get a look at our new website.

All Industry members are welcome to join this session so please register your interest by emailing us on info@quotemonster.co.nz

Please feel free to contact us if you're also interested in a 14-day Research trial!

Happy Crunching!


Quotemonster is hiring: Research and Customer Service Support

Quality Product Research has helped crunch over 10 million insurance quotes over the last ten years via Quotemonster. We are now the leading platform in New Zealand for Advisers to quote and research the Life and Health insurance market and are looking to welcome a new Research Support member into our close-knit team based in Birkenhead, Auckland. 

You will work alongside various other departments within our company encompassing a range of responsibilities - the more technical side of research and product analysis and the more service-focused side of supporting our clients. This role would suit someone who has an exceptional and professional level of customer service. This role could be split into two part time roles to focus on either customer service or research for the ideal candidates.

Click here to find out more and to apply.


Quotemonster introductory training session!

We invite you to join our next training session with Kelly Pulham, our National Partnerships Lead, which takes place on Friday, 8 April 2022 10:00 am-11:00 am

In this introductory session, we will go over the basics of using the website including: 

  • How to directly compare two insurers for replacement business (Head-to-Head) 
  • How to download our detailed comparison and client friendly benefit overview or heat map report
  • How to add banks and non-adviser companies to your Research comparison 
  • How to find older policy documents

...and you’ll get a look at our new website.

All Industry members are welcome to join this session so please register your interest by emailing us on info@quotemonster.co.nz

Please feel free to contact us if you're also interested in a 14-day Research trial!

Happy Crunching!


Partners Life announces medical price increase

Partners Life has announced premium increases for private medical insurance effective from 16 April. Details from their media release below:

Medical Pricing Increases

Partners Life regularly reviews our medical premiums to ensure that our top-ranked products continue to provide excellent claims results for you and your clients. These reviews ensure that the premiums are adequate to cover current and future claims, and that the rates appropriately reflect underlying costs. The reality is that healthcare costs are rising because medical inflation is outpacing general inflation, and the frequency of medical treatments are also increasing.

Having completed a routine review of emerging claims experience and considering medical inflation, we have determined that the underlying premium rate of Private

Medical Cover as well as the Specialists and Tests Option will increase by 12% with effect from 16 April 2022


Asteron Life pricing update - live on Quotemonster now

On Friday 25th Asteron Life announced to advisers some changes which will go live on Monday 28th February.

Premium rate reductions are included in the changes. While we have some more detailed analysis to conduct the summary is that from age 50 up there are life rate reductions of between 9% and 13%.

Asteron's announcement also includes:

"Aside from the rate changes, the other exciting piece of news we have is an extension of our Best Doctors offer to even more customers. Currently Best Doctors is only available to our Income Protection customers, and select legacy product customers; we’ll be extending this to customers with Trauma cover as well."

The rate changes have been made live on Quotemonster now.