Life Insurance has traditionally been a paper based industry taking weeks if not months for policies to be processed. A revolutionary change has been enabled within the Australian Life Insurance marketplace with the release of ComposerLife.
ComposerLife has been developed leveraging off InfoComp's award winning solution Composer and provides for the policy administration of life insurance policies and benefits. ComposerLife has the ability to bypass administrators with the creation of Policy Owner, Life Insured and other relevant parties via the Conductor STP interface.
ComposerLife has been designed for usability, speed of processing and external interfacing with parties such as advisors and re-insurers. ComposerLife provides advisers with an electronic engine that allows for policies to be underwritten on-line and the approved policy to be sent electronically to ComposerLife for immediate processing.