Risklogic- Omnium Insurance


What is RiskLogic all About?

RiskLogic is used for Insurance Comparison Purpose. It would help you in getting the best Policy matches to the Quote Parameters.  You can also compare the Similarities and Differences across various Insurers.

RiskLogic can be accessed by Opening the Client ->Insurance -> RiskLogic.


Generating a quote from Risklogic

Once RiskLogic has been opened, it will take you to the Quote Parameters Section. The Life Insured Details will have pre-populated with data from the Fact-Finder ->Basic Information section regarding the Occupation, Age and other relevant details.

Additional Cover Required identified in the Needs Analysis will flow to the Sum Insured fields for the respective covers.

The Sum Insured flows to Extension covers or Standalone covers depending on the default (Extension Cover preference) set in either Tools section or RiskLogic Options.

Life Insured Details will pre-fill from Fact-Finder if you have completed all relevant details there.

Occupation: The list is updated as per the new Omnium occupation list and you need to set this first time you land on this page.

Once the occupation is entered, you will be prompted to save this Occupation to Fact-finder and once it is confirmed the new occupation would be saved in your fact-finder section.

Omnium provides the following quoting options:

  1. Term Life and Extension (T.P.D and Trauma)
  2. TPD Standalone
  3. Trauma Standalone with T.P.D extension
  4. Income Protection
  5. Business Expense
  6. Child Cover

Multi-select: This feature enables to quote for multiple parameters under single GET QUOTE.

Example- You can multi-select Ownership under TPD extension (say Non-super and Superfund are selected) as shown in the below screenshot.

This will result in the addition of a dynamic column named TPD Extension Ownership and products comes for both Non-Super and Superfund owner of TPD as shown in the screenshot below.

Once the quotes are generated, you can view Graphs, filter Products using Excluded Policies, set Frequency, view Feature Score and Value Score for every policy generated.

Graphs are only available after selecting a product.

Two Graphs are available:

  1. Premium Structure Comparison
  2. Premium Projection

In the case of Multi -Selected premium structure, the Premium Structure Comparison graph would be disabled however you will be able to see Structure comparison in the Premium Projection graph for the same policy in a different structure.

In case a single policy is selected, View Feature will show Benefits and Criteria of the selected Policy (refer to below screenshot for all the points).


Details of Products that have not returned a result:

The Other Products Section is the list of Insurance Products that do not match the quoting Parameters and have therefore not been a part of the results. To individually view the reason for Exclusion, you can click on the Policy Name and it will show the reason that no results have been provided.



Once you have entered the required values and generated the quotes, you have the option of generating a comparison report.  This will show the main differences, enabling you to select the one that best suits what you will be recommending to the client. All you need to do is select the policy names you wish to compare and you will be able to see the comparison button on the lower right-hand side.

Compare Products can be used to compare the features and benefits of multiple products.

 On the Comparison Screen, you can filter the comparison report using:

  1. Feature Text filter
  2. Difference Only filter
  3. Sort by – Difference or Similarities

You can also filter the Categories by selecting from the given list (shown in the below screenshot).



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