For Insurers and Underwriting Agencies significant cost savings and product certainty will flow from the use of
PolicyXpress.
Benefits to insurers will include:
Significant reductions in administration, printing and distribution costs of their PDS documents. Based on initial estimates
PolicyXpress could save over one million PDS documents being printed and distributed each year.
This will save insurers in excess of $2M per annum.
A reduced carbon footprint for each major insurer and the industry as a whole.
Confidence that the Insurance broker is providing the client with the correct PDS document.
This will reduce claims issues and improve the insurance industries reputation with the community.
Remove the need to provide and maintain PDS documents on their websites.
An option of including text to highlight the key benefits of the PDS as well as the option to include text to explain key changes from previous versions of the PDS.
Facilitate the move to electronic delivery of PDS documents and provide for printing of documents only as required.
