Why Brokers Need PolicyXpress?

Research commissioned by  Policy Xpress indicates that less than 5 % of all Insurance Brokers have a robust and systematic approach to recording the details of which PDS document is provided to a client.

Just as importantly less than 2% of Insurance Brokers have any computerised systems to ensure that the PDS being provided to the client is the current version.

Policy Xpress will provide Insurance Brokers with a system to: 

• Ensure they are providing their services in accordance with the "fair and efficient" requirement imposed on all AFS Licensees.

• Confirm they meet the professional standards in the Insurance Brokers Code of Conduct. 

• Provide a high quality service to their clients with accurate Policy documentation.

• Help them maximise the efficiencies of moving to electronic delivery of policy documents, with the PDS able to be simply added to client emails.

• Eliminate the need for Brokers to maintain their own physical or electronic libraries of PDS documents, saving on storage space and administration. No more searching for wordings in filing cabinets or on a myriad of websites.

• At renewal validate the currency and accuracy of the PDS Version previously provided to the client.

• Provide automated linkage from a redundant PDS to its replacement PDS.

• Present only the relevant PDS documents from their Buying Group.

• Keep up to date with daily changes to all PDS documents communicated either by either email or highlighted on our website.

• Meet ASIC requirements for the retention of PDS documents for the mandatory 7 years to enable compliant emailing of disclosure documents. 

• Quote an accurate and unique PDS reference number with certainty when handling new business, endorsements, renewals and claims.

• Provide leadership on providing environmentally friendly, technology driven solutions to their client service offering.

Enable staff to quickly and accurately recall the client's PDS at their desk, search the PDF for relevant text etc. and provide the client with accurate advice in relation to policy coverage, terms and conditions.