Business insurance added to Xplan

IRESS New Zealand manager Andrew Logan says the new module was developed using the company's global experience, and the new capability is already deployed in multiple countries including New Zealand by large institutions and boutique insurance broking firms.

The development demonstrates IRESS’ approach in leveraging its global experience to deliver benefits across a wide user base by recognising technology synergies to address common issues and local demands.

The integrated module is designed to walk an adviser through the key areas of business risk, providing an integrated needs analysis which flows through into XPLAN’s insurance quoting and product research tool, producing a Statement of Advice for business clients.

The process provides the client with a clear understanding of risk areas and solutions to mitigate any risk exposure, whilst providing advisers with the confidence that they have delivered the best possible service to their client.