The new solution is designed to support protection advisers by offering a faster and more efficient way of reviewing a client’s protection needs, the ability to display multiple cover options including multi-benefit and matrix-based single product comparisons, and rapid identification of the best options based on the client’s budget and needs.
The open market launch of Solution Builder is a device agnostic solution and comes with new and enhanced functionality such as a client dashboard, full client history, and immediate access to indicative prices across multiple cover options in a single view.
Ian Teague, Managing Director for iPipeline UK, commented:
“In January 2015, we launched Solution Builder with Openwork and in the first month they saw a significant increase in both average monthly premiums at 10.8% and average benefits per client at 17.9%, clearly showing that the solution does not only accelerate adviser businesses, enabling them to become more profitable, but also helps to close the protection gap, as consumers are better covered.
“This is a real step forward for advisers who have previously had to create multiple quote comparisons separately. Advisers can now do many comparisons on one screen and view these side by side, changing the way protection is sold.”
Paul Shearman, Openwork’s Proposition Director for Mortgages, Protection and GI, said:
“We decided to integrate Solution Builder into our business because we wanted to radically improve the quality and service to our advisers. This solution has already proved its worth, as our advisers are able to offer their clients protection solutions, more efficiently than ever before. As a result, we’ve streamlined the sales process and increased our adviser productivity.”
