Tech Analysis: Royal London's pre-underwriting tool

When providing advice on protection cases where a loading may be expected it's important to be able to give the client a realistic indication of the likely premium as soon as possible. FCA Treating Customers Fairly regulations require that "Consumers are provided with clear information and are kept appropriately informed before, during and after the point of sale"; identifying potential ratings looks like exactly what the regulator has in mind. There have been significant advances in online underwriting with new services launched in the last couple of years. iPipeline's XRAE allows...