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

Brokers see rise in demand for business acquisition funding

Demand for funding to support business acquisitions is growing among UK SMEs, even as...

Phoebus joins Aston University to pioneer AI tools for mortgage servicing

Aston University has teamed up with Phoebus Software to create what is being described...

UK’s outdated homebuying system costs £1.5bn a year, says Santander

Half a million failed transactions annually leave buyers out of pocket and weigh heavily...

Source Insurance backs eco-focused start-up Insure4Nature

Source Insurance has partnered with ethical home insurance start-up Insure4Nature in a move that...

Gen H celebrates New Build Boost’s effect on homeownership

Six months after its launch, Gen H’s New Build Boost mortgage scheme has already...

Latest publication

Other news

Brokers see rise in demand for business acquisition funding

Demand for funding to support business acquisitions is growing among UK SMEs, even as...

Phoebus joins Aston University to pioneer AI tools for mortgage servicing

Aston University has teamed up with Phoebus Software to create what is being described...

UK’s outdated homebuying system costs £1.5bn a year, says Santander

Half a million failed transactions annually leave buyers out of pocket and weigh heavily...