Exeter Family Friendly praises UnderwriteMe’s effectiveness

Published on

SimonPhilp

Exeter Family Friendly has seen immediate benefit after successfully integrating UnderwriteMe into its income protection buying process.

Since launching the new ‘Underwrite My Client Now’ route in September, 60% of applications using it have been offered an immediate underwriting decision.

“We were confident that integrating this cutting edge, rules based underwriting into our application process would have a positive effect for both advisers and customers and we’ve been delighted with the results so far,” said Simon Philp (pictured), director of distribution and marketing at Exeter Family.

“The straight through processing rate of 60% is fantastic and Underwrite My Client Now has proved nearly 3 times faster than the traditional routes as a result.

“The benefit for advisers is clear to see. No further questions to ask of their clients, no waiting, no more information to gather – just a buying process fit for 2015.”

Phil Jeynes, head of sales and marketing at UnderwriteMe, welcomed the results. He said: “Income protection is traditionally the most complex protection policy to underwrite, so for Exeter to be able to provide an instant decision to six in 10 applicants is fantastic and clearly demonstrates the power of the technology.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Bristol leads LISA house purchase hotspots as activity spreads across UK

Bristol, Belfast and Sheffield were the most popular locations for Lifetime ISA-backed first-time buyer...

Conveyancers set out reform priorities in response to estate management consultations

The Conveyancing Association has outlined practical reforms to improve transparency and reduce delays in...

Twenty7tec adds two to marketing team

Twenty7tec has appointed Ellisha Jade and Sam Cane to its marketing team as it...

Stamp Duty receipts from homebuyers rise to £995m in February

Homebuyers paid £995m in Stamp Duty Land Tax in February, up from £899m in...

Targeted Support may encourage more savers to seek financial advice

Nearly half of independent financial advisers believe the Financial Conduct Authority’s new Targeted Support...

Latest publication

Other news

Bristol leads LISA house purchase hotspots as activity spreads across UK

Bristol, Belfast and Sheffield were the most popular locations for Lifetime ISA-backed first-time buyer...

Conveyancers set out reform priorities in response to estate management consultations

The Conveyancing Association has outlined practical reforms to improve transparency and reduce delays in...

Twenty7tec adds two to marketing team

Twenty7tec has appointed Ellisha Jade and Sam Cane to its marketing team as it...