Friday, July 1, 2022

Technology

FMA Highlights Finance Sector Cyber Security Failings

The FMA has published an information sheet to help financial services firms ensure their computer systems meet licence obligations. It says cyber attacks affecting New...

Greater Use of Technology Raises Consumer Trust Issues – Report

A report published by US firm Global IQX on automation in the insurance industry reveals that 25% of insurers have automated their underwriting practices,...

Cigna Updates eApp and Underwriting Engine

Cigna has updated its eApp and underwriting engine to improve the application process and help customers obtain cover faster. The firm says it has improved...

Partners Life Responds to Increased Take-up of Digital Signatures

In a move indicating the growing popularity of digital technology among advisers, Partners Life has expanded the number of electronic signature providers for its...

Cigna to Complete Transfer of Business to Chubb in June

The transfer of Cigna's business to Chubb is progressing well and should be completed in June said Cigna NZ's CEO Gail Costa during an...

New Claims Platform Goes Live at Partners Life

Partners Life is the first life and health insurance company in New Zealand to adopt the Fineos Platform – a purpose-built claims management system...

Partners Life Adopt New Risk Claims System

It's going to be a busy six weeks at Partners Life as its risk claims team bed in a new claims management system. The company...

Policy Checking App Launched by Southern Cross

Southern Cross Health Insurance has launched an interactive tool to help its members check if their surgical procedure is covered by their policy. Its procedure...

Health Insurer Battles Backlog as New System Introduced

The introduction of an updated policy administration system has pushed claims turn-around times to 15 days, pre-approvals to two working days, and lead to...