August 14, 2019
One in 6 IFA Protection Sales go through UnderwriteMe’s Protection Platform
UnderwriteMe’s Protection Platform smashed through the 100,000 policy milestone in July, already exceeding the whole of the business sold in 2018. This phenomenal growth demonstrates how popular the platform is becoming. UnderwriteMe expects this figure to rapidly increase, as more intermediaries discover the benefits the single process “underwrite, compare and buy” service offers in delivering a superior customer experience in a fraction of the time.
In June 2019, the mortgage network New Leaf and The Mortgage Alliance (TMA) 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 really 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.”