More than 200 firms representing 1,000 users have switched across to Openwork's protection panel, Openwork Select, following its September launch.
The panel, which sits alongside the networks existing single-tie proposition, features five leading providers - AEGON Scottish Equitable, AXA, Legal & General, Liverpool Victoria (LV=) and Zurich - which collectively account for almost 40% of the protection market.
More than a quarter of Openwork's approx 750 firms are now users of the panel. Advisers have been able to choose between operating the panel and continuing with Openwork's existing single-tie proposition.
Paul Shearman, Mortgage, Protection and General Insurance Proposition Director at Openwork, says: "The protection panel represents a key element of Openwork's drive to broaden and enhance its offering so I am extremely pleased that it has proved so popular with our advisers. The implementation process has run smoothly and we look forward to building on this initial success into 2011."
