Country Profile: Australia - Straight-Through Processing "Down Under" in Australia
Source: Asia Insurance Review | Apr 2008
Straight-through processing for new life business is currently one of the most topical and exciting issues in the Australian life insurance market. Mr Shane Burdack, Chief Underwriter, and Mr Matthew Pilcher, Manager of Client Solutions, at Munich Re Australia, look at the drivers of this, which centre on the slow completion of new business that relies on cumbersome data collection and generally antiquated manual processes.
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