Transforming how life insurance is bought and sold using a digital marketplace.

Financial Advisers

Engage with ALL insurers via One Platform
By completing a single e-application for life insurance, financial advisers can simultaneously apply to multiple Australian insurers at the same time and receive multiple underwritten offers. Doing business with all insurers, and not just a subset, will now be efficient and economically practical.
Meet Your Best Interest Duty
CoverNet allows financial advisers to test the ‘entire’ market for life insurance products on behalf of their clients. This enables them to always meet their legislated ‘Best Interest Duty’ , particularly since the safe harbour provisions are likely to be removed given the recent Quality of Advice Review.
Sell Life Insurance Profitably
By submitting one application to all insurers and considering multiple offers, financial advisers minimize and simplify the pre-assessment / application process and, additionally, avoid the need to repeat unfavourable applications). CoverNet eliminates effort, reduces cost and enables advisers to sell life insurance profitably.
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Insurers

Receive Every Application in the Market
Insurers will receive every application submitted by all financial advisers at no cost. Opportunity for insurers to ‘offer terms’ on any or all applications arriving in the marketplace, unfiltered by the adviser.
Easily Reach and Sign-up Advisers
CoverNet will significantly boost the number of advisers selling risk insurance for participating insurers and will facilitate access for insurers to quickly and easily reach new advisers and sign them up.
New Business Data at Your Fingertips
Insurers can monitor their new business and adviser performance like never before with our advanced reporting and analytics tools, so they can make data-driven business decisions.

About Us

We are pioneering the use of a digital marketplace in Australia, to transform how life insurance is bought and sold, thereby boosting industry growth.
The winners:
  • Financial advisers will reach all insurers and sell life insurance profitably
  • Insurers will reach all financial advisers in the market & get more applications
  • Consumers will be certain of getting the insurance solution that best meets their needs
Collectively our team has over 140 years of life insurance industry experience and a proven track record of successfully delivering innovative enterprise solutions.
Steve
Modlin
CEO
 
Steve Modlin
Steve has 33 years international experience in financial services and insurance. He has led life and health businesses at Auto and General, with senior roles at Rubik, Oracle, SunGard providing software platforms to the industry.
Ed
Saul
Platform
Architect
Ed Saul
Ed has 34 years of international life insurance experience. He founded Intelligent Life, which developed the world's first software for issuing real-time life insurance policies direct & online, featuring automated underwriting.
Nev
Meehan
Solution
Architect
Nev Meehan
Nev is an enterprise solution architect and full stack developer with 35 years international IT experience, working on multiple, large-scale projects in the UK, US & New Zealand.
Matt
Keene
Cloud &
Security
Matt Keene
Matt is a cloud infrastructure specialist and full stack developer with 25 years IT experience in insurance, financial services and telecommunications in Europe & New Zealand.
Farida
Nagaonkar
Rule Design
& QA
Farida Nagaonkar
Farida has 20 years of international experience as a life & health insurance professional specialising in automated underwriting, rule design, fraud identification and control.