The new system leverages off the original Accelerate offering which was launched to market in 2007 and features a full-integrated web-based quotation, application and underwriting rules engine.
According to TAL Retail Life chief executive Brett Clark the Accelerated underwriting process is the fastest so far in Australia “The Accelerated Protection solution means that Tower is open for business 24 hours a day,” he said.
Tower has maintained its target of delivering 85 per cent of underwriting decisions in three working days.
The roll-out follows weeks of pilot testing and a national adviser road show.
“We have introduced Accelerated Protection to more than 1500 advisers at road shows around the country over the past month and the feedback has been overwhelmingly positive and encouraging,” he said.
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