Quality Product Research 
Getting Started on Quotemonster 
April 2014 
1 1
Four Factors Rating 
• Definition “Why should we pay this claim?” Score 0-100 
Easy, think of the definition differences a...
•
Tools - Head to Head 
• Summary 
• Detailed 
23 
23
Thank you! 
Please… 
1. … use the system 
2. … use the blog and YouTube help videos 
3. … connect with us on LinkedIn 
4. ...
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
Introduction to Quotemonster and QPR
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Introduction to Quotemonster and QPR

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Introduction walk through of Quotemonster and QPR for New Zealand Financial Advisers.

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Introduction to Quotemonster and QPR

  1. 1. Quality Product Research Getting Started on Quotemonster April 2014 1 1
  2. 2. Four Factors Rating • Definition “Why should we pay this claim?” Score 0-100 Easy, think of the definition differences around heart attack, for example. • Incidence “Which item is more likely?” 0-100% of claims Think heart attack 15% of claims, versus brain tumour at less than 0.4% • Frequency “How often will we pay?” 0 to 10 times Death claims = 1, Specialists and tests claims 3 times in our model. Financial planning benefit, only about 1 in 5 frequency. • Amount “How much will we pay?” 0-100% of sum insured or claim model Like the calculations of what gets paid under rehab and home modifications benefits. Multiply them together and you get the IQ score for the item. Add all of them up and you get the total score for the product. • Relative weighting of small incidence but catastrophic risks is the next major issue after basic scoring 17
  3. 3.
  4. 4. Tools - Head to Head • Summary • Detailed 23 23
  5. 5. Thank you! Please… 1. … use the system 2. … use the blog and YouTube help videos 3. … connect with us on LinkedIn 4. … use the contact button on the site when you need help

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