CHU has introduced a self-service indicative pricing feature designed to give brokers quicker access to strata premium estimates.

Brokers can view estimates before referring risks to underwriters, gaining immediate insights into pricing factors.

“Non-binding price guidance increases visibility and will dramatically speed up the broker’s quoting process,” CHU CEO Kimberley Jonsson said.

“It helps brokers access the information they need, when they need it, so they can deliver better outcomes for their clients.”  

CHU says the tool builds on the insurer’s efforts to streamline following the removal of mandatory policy referral triggers and manual underwriting reviews for more than 40,000 transactions.  

“Wait times for final underwriting responses on risks is one of the most common pain points for brokers,” Ms Jonsson said.

“By providing immediate price visibility, we’re helping brokers add more value for customers, and spend more time talking to and supporting strata communities.”