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

Targeted support risks overlooking later life lending, warns Key Partnerships

The FCA’s proposed targeted support regime risks missing a significant opportunity to improve outcomes...

UnderwriteMe launches AI tool to widen post-issue audit checks for life insurers

UnderwriteMe has launched an artificial intelligence tool aimed at helping life insurers increase post-issue...

Protection Distributors Group adds two members and unveils ambassador

The Protection Distributors Group has added CoverMyBubble and Omny Benefits to its membership and...

Together bolsters North East presence with senior corporate sales hire

Together has appointed an experienced property finance professional as corporate sales director in the...

BMPAN urges firms to strengthen routes into FS industry for young talent

The Black Mortgage Professionals and Allies Network has called on financial services employers, training...

Latest publication

Other news

Andrew Lloyd, CEO of Fignum

Andrew Lloyd is the Chief Executive Officer (CEO) of Fignum. He was appointed to...

Targeted support risks overlooking later life lending, warns Key Partnerships

The FCA’s proposed targeted support regime risks missing a significant opportunity to improve outcomes...

UnderwriteMe launches AI tool to widen post-issue audit checks for life insurers

UnderwriteMe has launched an artificial intelligence tool aimed at helping life insurers increase post-issue...