"Offering an old fashioned process, which can feel clunky and out-dated is, increasingly, unacceptable as other markets harness the power of digital technology"
The UnderwriteMe comparison service allows intermediaries to compare “buy now” and estimated prices and complete applications using one process.
All three companies will begin using the Comparison Service in December 2016 with further launches, including London & Country Mortgages, planned for early 2017 and a version open to all intermediaries scheduled for Q1.
Currently, the UnderwriteMe Comparison Service includes the ability to quote, underwrite and buy Protection from LV=, Royal London, Old Mutual Wealth, The Exeter, Scottish Friendly and Canada Life.
Phil Jeynes, Head of Sales & Marketing for UnderwriteMe, said: “The UnderwriteMe Comparison Service has successfully demonstrated its effectiveness in simplifying the old, fractured protection sales journey for both consumers and advisers. We are delighted that these three, respected intermediary brands have decided to join us in bringing our industry into the digital age.
"We’ve been left behind by sectors such as retail and general insurance, when it comes to our selling and buying experience. Imagine a retailer asking you to complete separate purchase journeys for each product in your basket, before being given an accurate price and you’ll recognise why the UnderwriteMe solution is so necessary.”
Ian Sawyer, Managing Director at Assured Futures Ltd, commented: “At Assured Futures, our aim is to give high quality and instant advice to all our customers. The current process can be repetitive, time consuming and frustrating, so we have long been supportive of what UnderwriteMe have been building. The Comparison Service is now at a point at which we can see real benefits in terms of efficiency and so we are delighted to be introducing it into our sales process.”
Alex Cleanthi, Managing Director of Future Proof, said: “Our brand is synonymous with high levels of customer service. Offering an old fashioned process, which can feel clunky and out-dated is, increasingly, unacceptable as other markets harness the power of digital technology to enhance their customer journey. UnderwriteMe represents the best chance our sector has to bring itself into the 21st century, so we’re enthusiastically embracing its Comparison Service at Future Proof.”
Managing Director of Tuto Money Ltd, Kim Bascombe, added: “UnderwriteMe seems to be the next logical step for the UK protection market and we look forward to seeing this proposition grow over the next few years. We look forward to seeing how this integrates into our sales process and what benefits it brings for the client journey and what our advisers can offer a client in the protection journey.”
