Auxilium Partnership, the protection club led by Mark Graves, announces its usage of the Protection Platform from UnderwriteMe as part of its effort to increase protection business across the industry.
The Protection Platform is a free system for advisers and allows them to sell multiple products from multiple insurers in one place. By leveraging the Protection Platform, Auxilium will provide the following benefits to advisers:
Pre-sales underwritten quotes
Fully underwritten premiums
Buy now prices
UnderwriteMe launched the Protection Platform in 2015. The service comprises a single underwriting question set for multiple lives, products and insurers, improving the customer experience and eliminating the need to re-key data. It also includes a full integration with research experts Defaqto*, allowing indepth product comparisons.
"From launch, Auxilium's aim was to bring change to a market crying out for innovation. We see working with UnderwriteMe as a great way to help advisers become more confident with the protection sale, easing their concerns around what they see as underwriting complexity," said Mark Graves, CEO of Auxilium Partnership.
Graves continued, "Whilst our aim remains the same, Coronavirus has changed the world around us and the Protection Platform is an even more important tool for helping advisers access the protection their clients need. Advisers who have never before focussed on protection can confidently use it to make protection sales quickly and efficiently, thanks to the Protection Platform's time-saving processes and ability to compare both quality and price."
Phil Nash, Director of Sales at UnderwriteMe, said "The Protection Platform is growing rapidly, with many of the U.K.'s most prestigious life insurance specialists using our software. The uptake of the platform throughout Q1 2020 has been great to see with just over 75,000 applications submitted. That's a 49% uplift on the same period in 2019**. We are proud to add Auxilium Partnership to that list of advocates and look forward to working with them in rolling out the Protection Platform to all the firms they are working with."
UnderwriteMe has transformed the protection industry through technology. Bringing Insurers, Brokers and Customers closer together in the marketplace.
Founded in 2012, UnderwriteMe recognised the need to change the protection customer journey from a clunky, inefficient experience to one that makes the buying process easier for customers and advisers alike. The Protection Platform and Underwriting Rules Engine have made protection faster to access.