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AdviserLogic upgrades insurance quoting tool

Financial services technology company AdviserLogic has enhanced its life insurance quoting and comparison module RiskLogic.

The enhancements, according to AdviserLogic, include a redesign of its user interface and incorporating new data, provided by Rice Warner.

The new data will allow advisers to compare the features of a client's legacy policy with a recommended product, which will improve the process of preparing a statement of advice, AdviserLogic said.

"The enhanced analysis allows advisers to identify feature-based strengths and weaknesses and it's all right at their fingertips," AdviserLogic head of development Daniel Gara said.

Other features of the life insurance quoting and comparison module include multi-life discounts, adjustment of premiums for commission rebating, flexi-linking and optimisation and premium projection.