Owl Financial reaps rewards from online face-to-face advice

Published on

Owl Financial, Openwork’s specialist protection advice business, has arranged over 47,000 policies since the onset of the Covid-19 pandemic.

The specialist business, which is licensed to recommend products from providers including Aviva, Zurich, Legal & General, MetLife and Vitality, adopted a new sales process, involving online face-to-face advice.

Owl Financial has been able to grow its network of advisers during the pandemic with nearly 300 new starters.

Life and Critical Illness cover, which accounts for nearly half of sales this year, has been most in demand while Accident and Health has also been popular. Almost 5,200 Accident and Health claims were paid out in the first half of 2020.

Owl Financial operates a network of 150 businesses with 1,200 advisers serving more than 350,000 customers who currently have an active policy. It has been part of the Openwork network for six years.

Pat McKenna, sales director at Owl, said: “The expansion at Owl this year underlines the commitment and drive of the team to support customers and their focus on communicating the benefits of protection at a time of huge uncertainty.

“Thanks to the support from the Openwork network, we have come together and delivered a new online solution to support our existing customers and offer advice to those seeking it.”

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

The Vernon hires internal BDM to expand intermediary reach

Vernon Building Society has appointed Damien Sabbaghe as intermediary business development manager as it...

Coventry trims first-time buyer and limited company buy-to-let rates

Coventry for intermediaries has cut selected mortgage rates for first-time buyers and limited company...

TRM adds to PMI team with supervision & development manager hire

The Right Mortgage & Protection Network has appointed Gemma Penkethman as PMI supervision &...

Rental yields rise across England and Wales as buy-to-let market enters more volatile period

Rental yields increased annually in every region of England and Wales in the first...

Pure Retirement targets introducer growth with new adviser marketing tools

Pure Retirement has launched a suite of introducer-focused resources aimed at helping advisers expand...

Latest publication

Other news

The Vernon hires internal BDM to expand intermediary reach

Vernon Building Society has appointed Damien Sabbaghe as intermediary business development manager as it...

Coventry trims first-time buyer and limited company buy-to-let rates

Coventry for intermediaries has cut selected mortgage rates for first-time buyers and limited company...

TRM adds to PMI team with supervision & development manager hire

The Right Mortgage & Protection Network has appointed Gemma Penkethman as PMI supervision &...