MLC has announced it is to provide field development underwriters to support financial advisers during the insurance process.
The group has also launched what it describes as an industry first critical illness-special risk underwriting tool.
The group is looking to develop relationships between underwriters and advisers, building adviser knowledge of underwriting and streamlining the insurance process, MLC chief Underwriter Tracey Crowe said.
"Our field development underwriters are supporting advisers where they need it.we know that the key to writing successful risk business is not only having a great product but a relationship with the underwriter and the business," Crowe said.
The field development underwriters have an average of 15 years' experience and will hold practice development sessions, training and workshops for advisers and staff.
"It is our role to provide a seamless experience for advisers," Crowe said.
According to MLC, the critical illness-special risk underwriting tool is an industry first that provides clients who may otherwise be excluded with cover.
"MLC's new underwriting tool allows more Australians to have the right insurance in place and is another step forward in addressing Australia's underinsurance challenge," Crowe said.
The product can be tailored to meet client needs and enables them to only pay for the cover they are receiving.
