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Overview
Omnium is an advanced insurance comparison and quoting tool integrated within AdviserLogic, designed to help advisers efficiently generate quotes, compare policies, and tailor coverage options to client needs. RiskLogic, as part of Omnium, enables users to manage, refine, and retrieve insurance quotes effortlessly.
This FAQ section addresses common questions and troubleshooting steps to help you navigate Omnium Insurance and RiskLogic effectively.
Frequently Asked Questions (FAQs)
Q - Currently No Data to Display?
Q - Currently No Data to Display?
If you access AdviserLogic’s insurance Strategies without completing the Needs Analysis, this warning will appear.
You will need to manually enter client details before generating any quotes.
Q - How can I view recent or previously saved quotes?
Q - How can I view recent or previously saved quotes?
Go to the Saved Quotes section at the top of the screen in Digital Advice Tools > Insurance Research. The system will display the five most recent quotes, and you can also search for a saved quote by name.
Q - How do I exclude an insurer from the generated quotes?
Q - How do I exclude an insurer from the generated quotes?
You can remove an insurer from the comparison list using the “Exclude” drop-down menu.
Q - How can I see insurers that have not returned quotes?
Q - How can I see insurers that have not returned quotes?
Products excluded from quotes will appear in the Other Products section. Clicking the Information button next to "Other Products" will display common reasons why certain policies were not included. You can also select a specific product to view detailed reasons for its exclusion.
Q - How do I switch between the client and their partner?
Q - How do I switch between the client and their partner?
The entity marked with a tick symbol is the one for whom quotes are currently being generated.
Q - How do I compare policies for similarities and differences?
Q - How do I compare policies for similarities and differences?
Hover over the provider’s logo, and a tick symbol will appear. Once you select at least two policies, a comparison report option will be available on the right-hand side of the page.
Q - How do I generate quotes for a policy held partially inside superannuation and partially as a personal policy?
Q - How do I generate quotes for a policy held partially inside superannuation and partially as a personal policy?
When entering the “Tax Environment” field, select “Hybrid” to account for both ownership structures. To configure split ownership for a TPD policy, select "Hybrid" in the Tax Environment field during the insurance quote setup. Then, in the policy details section, ensure the ownership split is applied to the relevant cover, structuring the TPD portion with part inside super and part outside.
Q - What does the “Both” Tax Environment option mean?
Q - What does the “Both” Tax Environment option mean?
Selecting “Both” will generate quote results for policies owned by both superannuation and personally (split or flexi-link). The policy name will indicate whether it is super-owned or personally held. For flexi-linked policies, create separate entries for the super and non-super components. Set the policy owner to "Superfund" for the super component and "Non-super" for the outside-super component, ensuring the sum insured is not duplicated across both entries.
AdviserLogic does not allow splitting two different cover types (e.g., two TPDs) within a single policy card. To address this, create separate insurance cards for each TPD component. Assign "Superfund" as the owner for the super-linked component and "Non-super" for the outside-super component, recording the appropriate sum insured for each card.
By understanding these key functions, you can efficiently navigate AdviserLogic’s Insurance Modules to deliver precise, tailored insurance solutions for your clients. This includes effectively managing split ownership and flexi-linked policies to ensure accurate data entry and reporting.