January 15, 2020
UnderwriteMe’s Protection Platform More Than Doubles Business Through Strong Broker Partnerships
UnderwriteMe’s Protection Platform has continued its growth in 2019, with a record number of fully underwritten comparison terms generated and also in the number of brokers joining the service.
The Protection Platform has generated 600,000 fully underwritten comparisons, of which more than 68% secured “buy now” terms from two or more insurers. Overall, new business has grown by more than 100% since 2018 and has been delivered by securing and developing strong broker partnerships.
One of these partnerships is with Caspian Insurance, which has been benefitting from the platform since 2018. “Since we’ve adopted the Protection Platform, it’s helped us write our protection business much more efficiently,” said Oliver Rayner, Managing Director of Caspian, “removing unnecessary underwriting phone calls to the majority of insurers and helping manage our clients’ expectations when discussing their protection needs. It’s now become our primary system for sourcing protection for our clients.”
Caspian will soon be launching a direct-to-consumer online proposition which will be fulfilled by the Protection Platform technology and its insurer panel.
The Protection Platform is also continuing to attract new protection firms. The latest to join is Freedom to Insure. “We’re delighted to be partnering with the Protection Platform,” says John Lonsdale, Director at Freedom to Insure. “It gives us access to fully underwritten quotes, which simplifies the process for our customers. It also allows us to proceed with applications without having to re-key information on the insurers extranet.”
“Strengthening our partnerships is critical to the success of the Protection Platform,” said Pippa Keefe, Head of Sales & Marketing at UnderwriteMe. “2019 has seen huge success for the Protection Platform, with us achieving strong growth. We look forward to developing further relationships in 2020”