Tenet Group, the UK financial adviser network and support group, is to make UnderwriteMe’s Protection Platform available to its members.
The partnership means that Tenet, and the firms it works with, will be able to quote, underwrite, compare and sell with ‘buy now’ prices from the majority of UK insurers on the Protection Platform.
The Protection Platform is comprised of a single question set for multiple lives, products and insurers.
It is designed to improve the customer experience and eliminate the need to re-key data. It also includes a full integration with research experts Defaqto, allowing in-depth product comparisons. Ben Wright, director of strategic development at Tenet, said: “We are always looking for innovative ways to add value to the firms we work with and believe the Protection Platform can certainly add another string to their bows.
“What UnderwriteMe has achieved with the Protection Platform is quite unique in the market and we believe that it could help advisers increase the amount of protection they provide to their clients, thanks to its ability to save them time by comparing both quality and price of cover.”
Phil Nash, director of sales at UnderwriteMe, said that just over 250,000 applications overall have been submitted throughout 2020 – more than a 40% uplift on the same period in 2019.