Another interesting question from an adviser on LinkedIn – how much impact did the removal of Southern Cross’s $250 excess option make to the health market?
Our data team to the rescue! Southern Cross removed the $250 excess mid-2016 and since then the $250 excess option has definitely been quoted less. Check out our graph below:
And you might be wondering – what is a crunch?
Crunch – is a set of comparative quotes (on average only track one crunch per new client record, revising the quote on the client record is not counted as a crunch). For example, in April, May, June, there were about 12,000 crunches.
All-crunches – includes the original crunch and any revisions to the crunch following a change to the existing client record, there are about two re-crunches on each new crunch giving a total of about 2.5-3.5 times the number of new crunches in the total for all crunches.
Please do not hesitate to contact us via email [email protected] if you have any similar requests for our data team.