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5 Things you should know about the Protection Platform
1) What makes the platform unique?
1) What makes the platform unique?
James is a Senior Development Underwriter for the Protection Platform and has been with the company since 2016. He has close to 30 years' experience in the Protection industry and has worked in underwriting for over 20 years.
London – 2nd December 2024
Today, price is a common decision factor for consumers when choosing financial products. Given the ongoing rising costs that have impacted many households, it's no surprise that individuals are increasingly concerned about affordability - with 62% in Great Britain saying they were spending less on non-essentials because of the increasing cost of living.
In today's fast-paced life insurance landscape, efficiency is key. While you might not be familiar with the concept of
As Income Protection Action Week (IPAW) recently concluded, the discussions around job security and financial resilience have highlighted the growing need for income protection. With 247,000 new individual income protection policies sold in 2023, a significant 16% increase from 2022, it's clear that more people are prioritising securing their financial futures.
On Thursday 2nd May, UnderwriteMe attended the Women in Protection conference at the London Marriot Hotel. We took this opportunity to leverage the data from our Protection Platform to understand further, how customers buy insurance.
Insurtech leader UnderwriteMe has reacted to the news of the return of 100% mortgages by reminding mortgage advisers to prioritise protection to ensure their clients don't put themselves at risk of a financial complications later on.
This week is 'Alcohol Awareness Week'. We've taken some time to analyse the data which flows through the Protection Platform so we can review what customers disclosed around alcohol consumption across the last 12 months.
Leading edge protection technology systems announce partnership to deliver optimal adviser and consumer experience to directly meet advisers' new business obligations under the consumer duty rules.
The price of protection products could fall into the spotlight more than ever as Consumer Duty sweeps closer.
Looking at understanding consumer buying behaviour, and the influences sex has on underwriting can be insightful, and help to drive more effective and efficient underwriting, product, and sales development.
On the Protection Platform, we see differences in age when buying protection insurance. These contrasts exist as people move through life stages. A new house or job, marriage, children, estate, or funeral planning. And these new responsibilities bring with them changing financial needs.
United Kingdom, London, 10 April 2024: Vitality has announced that VitalityLife multi-benefit discounts are now available on the UnderwriteMe Protection Platform, following the providers addition of its Income Protection cover to the platform.
Today marks a significant milestone in our journey. We're thrilled to unveil a new version of Protection Platform—a fresher, more vibrant image that still promises the reliability and efficiency you've come to know and trust.
In the life insurance industry, intermediaries often find themselves grappling with varying degrees of complexity when sourcing protection premiums. From straightforward, clean cases to more complicated scenarios, each has its unique challenges. Fortunately, UnderwriteMe's Protection Platform is here to revolutionise the way protection advisers work, irrespective of the case complexity.
It saves advisers time and effort by providing one application form that's consistent for all the insurers on the platform. Advisers will then be able to see and compare fully underwritten prices and underwriting outcomes in real time.
As Income Protection Action Week approaches its fourth year with the aim of giving advisers education about the positioning and value of Income Protection (IP), we thought it was worth highlighting the importance of the product and how it's evolved.
With it having just been Income Protection Action Week (IPAW), it is an opportune time to reflect on the critical role that Income Protection (IP) plays in financial planning and that it plays a significant role in protecting an individual or family against an unforeseen circumstance. This is backed up by IP sales which are starting to rise. UnderwriteMe, steadfast in its commitment to promoting the benefits and understanding of IP invites financial advisers to join this vital conversation.
With the financial industry's ever-increasing focus on consumer protection, the need for intermediaries to demonstrate adherence to consumer duty regulations has never been more important. The multi-product approach offered by UnderwriteMe's Protection Platform can play a vital role in addressing this need, allowing advisers to navigate these regulations more efficiently while providing an optimal service to clients.
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