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Tower revamps electronic risk application system

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By Victoria Tait
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1 minute read

Tower Australia has overhauled its quoting and electronic application systems, as well as its occupational underwriting guidelines, in line with risk adviser feedback.

The company said the changes allowed for direct input of quote information into data fields, scope for amending responses even after an underwriting assessment had been provided, and more expansive income protection terms for trade occupations, including mining, oil and gas, and construction.

Tower chief executive of retail life partners Brett Clark said the result was Tower's most significant technology upgrade in two years, and the changes would make it easier for risk advisers to do business with Tower.