UnderwriteMe Protection Platform hits 1,000,000 case milestone

Insurtech company, UnderwriteMe has reached a significant milestone with 1 million cases submitted to its Protection Platform.

Related topics:  Protection,  milestone
Tabitha Lambie | Editorial assistant, Barcadia Media
29th August 2022
People celebrating in an office
"The Protection Platform cuts process times and makes it easier for Mortgage Advisers to include protection in their recommendations."
- James Tait, UnderwriteMe chief executive

Launched in 2018, UnderwriteMe’s Protection Platform helps streamline the process of comparing products across multiple providers so that advisers can simplify their sale processes. It delivers pre-sale underwritten premiums and provides automated and instant underwriting decisions for more than 90% of all protection cases.

Since its launch, 762 adviser firms and more than 4,350 individual advisers have submitted cases on the company’s Protection Platform. Daniel Hobbs, New Leaf Distribution managing director, said the platform was saving their advisers 1-2 hours per case and with that time saved New Leaf Distribution can “go on and protect even more families which is great news for our industry.”

Vincent O’Connor, The Right Mortgage and Protection Network director of products, agreed that “being able to quote underwritten premiums up-front” has helped reduce the “considerable risk of clients not taking the cover if their quoted premium turns out only to be an ‘estimate’.”

Commenting on the milestone James Tait, UnderwriteMe chief executive has said:

“We’re delighted to have passed this significant milestone in UnderwriteMe’s development. Not only are we allowing advisers to deliver buy-now prices to their clients, but we’re also helping them cut the processing time.

“Mortgage Advisers, in particular, have historically found the protection application process too laborious on top of all the usual mortgage paperwork. It sometimes puts them off talking about protection at all. The Protection Platform cuts process times and makes it easier for Mortgage Advisers to include protection in their recommendations.”

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