Omnium Life insurance Solutions
Omnium provides modern life insurance solutions to financial service professionals across Australia.
Omnium is an Australian life insurance software and research company. They provide financial service professionals with life insurance quotation and research solutions for online, mobile and tablet based platforms and more.
Omnium Insurer Solutions
Omniun provides a range of life insurance software solutions to make it easier for financial advisers and customers to calculate and find policies.
- Insurer Comparison Tool: Omnium can provide you with market comparison data from a wide range of client scenarios so that your insurance company can make more informed market pricing decisions. They'll provide you with an excel spreadsheet so that you can input up to 1,000 different client scenarios, covering factors like gender, smoking status and occupation as well as quote inputs like stepped or level premiums, sums insured and benefit periods. Omnium can then provide you with all the premium results you require within 3 to 7 days.
- Quote Alteration Solution. This allows your life insurance company to access a fully automated solution to help move existing clients from legacy products into current products without any manual or back-office handling. Put simply, it removes the current manual work insurers need to do to manage product changes for existing clients.
- New Business Sales Pipeline. Omnium's life insurance business engine can help your life insurance company more efficiently sell new business by tailoring their engine model to your unique business needs.
Omnium Adviser Solutions
Omnium provides a number of business solutions for financial and insurance advisers, including:
- A life risk research tool. This provides you with instant premium and product feature comparisons including product and feature ratings (calculated by an independent research methodology), the differences between insurance products and commentary outlining the pros and cons between different products.
- A life risk custom tool. Omnium can create a customised life risk insurance comparison solution for your dealer group or advice firm tailored to your specific needs.
- A life risk website tool. Omnium can create a real-time life risk comparison tool on your website that allows customers to access comparison quotes online.
What other services does Omnium offer?
On top of their expertise in the tech and research side of life insurance, Omnium have also provided the following consulting solutions to providers including Zurich, ANZ, AMP, TAL and Westpac:
- Premium illustration interface strategies
- Premium modelling strategies
- Automated risk advice solutions
- Web services technology for life insurance products
- Online application forms technology
- Research ratings impact analysis
Omnium Life Insurance API
Omnium also provides the quickest and most reliable API (Application Program Interface) for life insurance comparison data in Australia. Their API can provide:
- Up-to-date comparison data and premiums from all major life insurance providers
- Product and feature ratings
- Relevant feature commentary
- Quote to application capability
Omnium is a Sydney based company that has been around since 2002. They were among the first in the industry to introduce market first solutions such as native mobile comparison apps, website comparison tools and straight through processing technology that is now widely used by all major insurance providers. They are a privately owned Australian company, hold an Australian financial services licence (AFSL) no. 500823 and are ISO certified; ISO 27001:2013 and ISO 9001:2015, meaning no financial institution has any controlling interest in them.
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