Vero delivers a revolutionary broker experience with a game changing upgrade to VeroEdge
This year, Vero will be releasing several major upgrades to VeroEdge and our range of supported broker platforms, making it quicker and easier for brokers to recommend Vero to their clients.
In the lead up to these upgrades, Vero have been working closely with front-end broker staff across Australia to work through our business rules and appetite to reflect how brokers want to do business today.
Brokers told us that placing SME and Commercial Motor business with Vero was not as simple and efficient as it could be. We’ve listened to your feedback and are making major upgrades to the quoting experience.
We have upgraded VeroEdge to a straight-through quote and bind platform for SME Packages and Commercial Motor new business to:
- Reduce the time it takes to get a quote – By removing almost all insurer-generated system referrals, we’ve streamlined the quoting process and freed up our underwriters so they can provide you with technical support and assistance when needed
- Provide clarity of our risk appetite – Through clearer appetite guidelines and immediate system notifications, we can ensure you know the business we want to write upfront
- Give you greater accuracy – We’ve expanded the occupation-based risk selection to provide systemised virtual underwriting, allowing you to place business with more accuracy
Hear from brokers
We set out to provide you with market leading solutions for our quoting platform. But don’t just take our word for it. Hear what some of your industry colleagues have to say:
Phased delivery
“We’re improving the way we target business segments and efficiency by harmonising our data to improve pricing and risk selection decisions, regardless of platform choice.” said Executive Manager, Intermediated Packages Michael Cooke.
The first major upgrade starts with SME Packages and Commercial Motor new business, which will be followed shortly thereafter with renewals placed via VeroEdge.
We will then progressively rollout to full lifecycle on other supported broker platforms:
- VeroEdge New Business
- VeroEdge Renewals
- Supported broker platforms for new business and renewals
Vero Head of Distribution, Anthony Pagano, says: “We’re committed to simplifying and strengthening our core commercial products and services by delivering clear, concise, and consistent outcomes. These upgrades are proof of that commitment and reflect the emerging SME environment and how brokers choose to do business today.”
Make sure you are ready
While the system will look the same, the functionality and experience will be greatly improved. To ensure you and your teams are ready for these changes, please register for the training webinar.
Additional resources and quick links:
Register to watch the VeroEdge SME Packages and Commercial Motor Webinar Update on-demand and receive 1 CPD point for completing it.
Access more information on the upgrade to VeroEdge, FAQs, training guides and resources.
For more information, speak to your local Vero representative today.
Update is live only for new business SME Packages and Commercial Motor quotes via VeroEdge. Insurance issued by AAI Limited ABN 48 005 297 807 trading as Vero Insurance. Read the PDS before buying this insurance. Go here for a copy. TMD also available. This advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.
