Paradigm Protect partners with UnderwriteMe

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Paradigm Protect has agreed a new partnership with technology provider, UnderwriteMe.

Members of Paradigm Protect will now be able to access UnderwriteMe’s free-to-use, Protection Platform, which covers off products from eight providers, and where advisers fill in one application for all.

The results delivered allow the adviser to compare fully-underwritten premiums for multiple products from multiple providers, even if the client is healthy or has existing medical conditions.

Advisers can then recommend to clients and put the client on-risk with multiple providers with a single submission.

Protection Platform is fully integrated with Defaqto and integrates most major UK insurers provide a wide range of products such as Life, Critical Illness, Family Income Benefit and Income Protection.

Mike Allison (pictured), director of protection at Paradigm, said: “We are very pleased to be announcing this new partnership with UnderwriteMe’s Protection Platform which now provides access to a ground-breaking protection proposition for our member firms through Paradigm Protect, and hopefully eases the adviser, and client, journey, when it comes to ensuring they have the right protection policies in place for their needs.

“In these days of Consumer Duty, ensuring firms cover off the protection conversation and go through the client needs in detail, is vital. However, we also want to ensure we use the technology available to make that process easier, to cut down on the administration burden and the need for rekeying, and by using platforms such as UnderwriteMe advisers can do this, and so much more.

“We all want a high-functioning client service provision for advisers, improving access to protection cover, ensuring better outcomes and fair value, and this new partnership will allow advisers to do just that and outline exactly what clients are paying for and why the recommendation has been made.

“In addition, the industry is striving to achieve the best possible claims payouts, and by using technology such as the Protection Platform, we can support advisers in providing the maximum information to Providers, in order to eliminate any ambiguity when it comes to payouts. Everyone at Paradigm Protect is looking forward to working with the UnderwriteMe team and to rolling out this proposition to our member firms.”

Mark Cracknell, commercial director at UnderwriteMe, added: “Underwriteme are delighted to be working with Paradigm, working together with adviser firms to grow protection business. Our aim is to work with advisers to simplify the underwriting process, making protection more accessible.”

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