1 min read

We've made a few tweaks to improve efficiency

We've made a few tweaks to improve efficiency

We've tweaked our question set to increase our auto-approval rate. These updates are purely cosmetic and do not affect our wording.

The wrinkles have been smoothed out immediately for  Residential Strata, and the effects for Annual Construction will be visible from Friday 26/7. There have been no changes made to Professional Indemnity.

Strata

From today, you will see the following improvements to the question set on both SCTP and Sunrise...

Changes to our wall construction question.

You will now have multiple fields to capture mixed wall and cladding construction instead of currently having only one field and having to leave comments to capture additional wall materials. We can automate more when you use these fields instead of asking you to write comments about wall construction.  Comments always trigger referrals. So this means our Auto-Approval rate has increased.

New question about Asbestos

“Does the property contain any Asbestos”. Instead of leaving us a comment to advise of Asbestos you can now capture it in this tailored question. We always require you to attach a copy of the Asbestos report for our review.

Changes when commercial units are disclosed

When you disclose commercial units, we will now ask you to enter the commercial floorspace percentage in the designated field.

 

Construction

From this Friday, you will see the following improvements to our Construction question set on Sunrise...

Principal Supplied Materials

This question has been removed as this is captured within the Maximum Contract Value.

Care Custody and Control

We have removed the value of items, so you can simply select the appropriate CCC Sum Insured for your client.

Changes for referral rules

We have changed referral rules for Maximum Contract Value to Turnover Ratio and the percentage usage of subcontractors/labour hire, to provide for significantly improved automation.

Liability excesses 

We have adjusted our liability excesses in the $5m - $10m turnover band.

System Changes to Increase Efficiencies

System Changes to Increase Efficiencies

We're scaling to new heights From tomorrow, the 28th Sep, we’ll go live with system changes to streamline quoting and reduce referrals in both our ...

Read More
Hutch Underwriting launch new construction policy

Hutch Underwriting launch new construction policy

[SYDNEY, NSW] Hutch Underwriting to launch an innovative new annual construction insurance policy on EBIX Sunrise Exchange on Friday 16th June.

Read More
Cyber now included in our Strata product

Cyber now included in our Strata product

In the six months since we launched, our Cyber section has proven incredibly popular with strata customers. In fact, when quoted, over 70% of...

Read More