UnderwriteMe’s Protection Platform transforming the mortgage process

by | Aug 15, 2019

Share this article

Facebook Open Graph

One in six sales of UK protection insurance by financial advisers, price comparison websites and mortgage brokers are now made through UnderwriteMe’s Protection Platform.


 

UnderwriteMe’s Protection Platform passed the 100,000 policy milestone in July, already exceeding the whole of the business sold in 2018.  UnderwriteMe expects this figure to rapidly increase, as more intermediaries discover the benefits the single process “underwrite, compare and buy” service offers in delivering an excellent customer experience in a fraction of the time.

In June 2019, the mortgage network New Leaf and The Mortgage Alliance club opened up free access to the Protection Platform to their combined memberships, totalling over 3,000 intermediaries.

 
 

“We truly believe that UnderwriteMe will transform the way New Leaf members write protection business. It has never been easier to write protection for New Leaf advisers and we are pleased to have formally launched with UnderwriteMe,” said Dan Hobbs, managing director of New Leaf.

Pippa Keefe, distribution director at UnderwriteMe comments: “The already time-consuming mortgage process makes protection insurance an unwelcome add-on, even though many mortgage customers would benefit from cover. The Protection Platform transforms the sales experience, making it fast and easy to access a comparison of underwritten premiums and complete a sale.”

The Protection Platform offers a comprehensive selection of term life, critical illness and income protection products currently from Aegon, AIG, Beagle Street, Budget, Canada Life, HSBC Life, LV=, Old Mutual Wealth, Post Office, Royal London, Scottish Widows, The Exeter, and Virgin Money, with more brands expected to join over the coming months.

 

Martin Werth, CEO of UnderwriteMe, continues: “We have removed almost all the manual processes for advisers to review the market to make a personal recommendation and complete a sale. By decimating the time, we expect to deliver a gear change in intermediary profitability. It is great to see so many intermediaries recognising these benefits, registering and writing business with us.”

Share this article

Related articles

Sign up to the IFA Magazine Newsletter

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode

x