In the past the protection insurance sector wasn’t known for innovation, embracing technology or making the most of digital capabilities. But we’re gradually seeing this changing in the form of some game-changing FinTech companies, such as the re-insurer backed start-up UnderwriteMe.
Royal London was one of the first providers in the UK to start using this platform, which lets insurers retain their underwriting rules and products whilst letting advisers and customers compare costs from a range of insurers. This enables them to get quotes and select the product they want to buy in a simple end-to-end process. By setting realistic expectations of premiums and giving them underwriting decisions up-front, systems like UnderwriteMe are set to significantly improve the customer journey – for both advisers and their clients.
This is a Royal London Promotion
