Source: Fintech Financial News

The update is designed to empower advisers with faster, more accurate life insurance quoting and decision-making. This will deliver more precise premium and indicative underwriting decisions, all powered by their SSG Digital® platform technology, which means fewer repeat and non-progressed applications.

Commenting Rachel Edwards, SVP & UK Managing Director, said: “The current quote-to-application journey isn’t predictable or as smooth as it could be, and it’s often opaque, interrupted, and delayed. Initial quotes that can’t always be trusted create frustration, uncertainty, and lost opportunities. Advanced Underwriting has been developed to change that, offering a much more seamless process that works better for everyone concerned. By collaborating closely with The Openwork Partnership and their leading protection advisers, we have ensured it addresses adviser issues and provides them with a user-friendly enhancement that benefits both them and their clients.”

Paul Shearman, Mortgage & Protection Proposition Director of The Openwork Partnership, said: “Partnering with iPipeline on Advanced Underwriting gives us the opportunity to help shape a tool that directly tackles one of the biggest pain points in the protection journey. Improving quote accuracy, reliability, and transparency from the beginning is a significant step forward in helping clients get the cover they need, faster and with greater confidence.”

“The feedback we’ve had from our advisers who watched a demonstration of Advanced Underwriting has been unanimously positive. It will drive greater efficiency, and most importantly, create better client outcomes. A big thank you from Openwork to the launch providers who have grasped the potential of Advanced Underwriting. I’d encourage the other major providers to get aboard, before they are left behind!”

Read the full article: https://ffnews.com/newsarticle/insurtech/digital-underwriting-solutions-ipipeline-openwork/