Source Insurance launches new referral system

Source Go allows advisers to refer clients without the regulatory responsibility.

Related topics:  Protection
Rozi Jones
19th January 2023
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"Source Go has been designed to enable brokers to refer their clients to a trusted GI provider should they not have the time or desire to advise themselves."

Source Insurance has announced the launch of a new referral system, 'Source Go'.

The system will allow advisers to introduce their clients to an insurance policy journey with minimal contact information before handing the consumer complete autonomy over their policy.

After the initial introduction by the broker, the referred client can complete the entirety of their home insurance quotation online,.

With the eradication of traditional phone-based quoting methods, Source Go allows the customer control over their home insurance quotation with completion at their own convenience.

Malcolm Guest, managing director of Source, said: “The Source has a substantial delivery schedule to evolve our GI proposition, delivering significant improvements to our broker customers and their insurance clients during 2023. We are not only continuing to work hard to make it easier and faster for brokers to advise, but also to provide our brokers’ clients with best-of-breed insurance cover at the fairest possible price.

"Source Go has been designed to enable brokers to refer their clients to a trusted GI provider should they not have the time or desire to advise themselves. Brokers and advisers can refer safe in the knowledge that the premiums will be competitive, the process transparent, and with the same level of insurance protection and service that has been the cornerstone of the Source raison d’etre.”

Sales director of Source Insurance, Carl Oakes, added: “The last few years have been hard for our sector in many ways, and brokers have risen to those challenges as they always have. General Insurance has always had an important part to play in meeting consumers' financial needs but very often, and for a number of reasons, customers inevitably utilise direct providers and aggregators. There is a trade-off though between price and quality. Source Go captures the benefits of customer convenience and competitive pricing, whilst preventing the direct players from cross-selling other products and services that may threaten the adviser’s role. That’s what makes this such a compelling opportunity for advisers who don’t currently sell GI, and we look forward to speaking to them over the coming months.”

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