iPipeline has launched the open market version of its quote tool 'Solution Builder' to all advisers in the protection market.
The tool provides the ability to show multiple cover options including multi-benefit and matrix-based single product comparisons.
There is also a full client history which can be stored for future reference including previously quoted information.
Solution Builder is available to all advisers for a one month free trial and then costs £12.50 per month per user on a rolling monthly subscription.
The tool is linked to iPipeline's indicative underwriting tool XRAE to help set expectations and sliders to allow quick increases and decreases to options to see impact on premiums and demonstrate available options.
Ian Teague, managing director for iPipeline UK, said: "In January 2015, we launched Solution Builder with Openwork and in the first month they saw a significant increase in both average monthly premiums at 10.8% and average benefits per client at 17.9%, clearly showing that the solution does not only accelerate adviser businesses, enabling them to become more profitable, but also helps to close the protection gap, as consumers are better covered."
"This is a real step forward for advisers who have previously had to create multiple quote comparisons separately," added Teague. "Advisers can now do many comparisons on one screen and view these side by side, changing the way protection is sold."
