Protection provider Bright Grey is set to launch its own underwriting system, which it hopes will speed up applications and save time for advisers at point of sale.
Called Interactive Quote and Apply, the electronic system should be available by April. It will not be attached to a re-insurer and so Bright Grey
will be able to review rates and adapt the service as it suits them. Also, once an initial decision has been made, the system enable quotes to be amended which will allow advisers to add, amend or delete cover or lives before an application is submitted.
Andy Peters, distribution director at Bright Grey, says "Developing our own expert underwriting system sets us apart from the rest of the market, who are reliant on technology owned by re-insurers.
"By collecting additional health questions, the system can make more informed decisions, helping to speed up clients’ applications, saving time at the point of sale and improving pass rates."
Underwriting system to be launched by Bright Grey
Financial Services > Income lnsurance > News
Underwriting system to be launched by Bright Grey
Tue, 25 Mar 2008
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