• Home
  • COVID-19
  • Life
  • Critical illness
  • Income protection
  • Health
  • Employee benefits
  • Regulation
  • Diversity
  • Mental health
  • Events
  • Industry Voice
  • EBooks
  • Newsletters
  • Sign in
  •  
    •  

      Personalise your on site experience.


      Download and use the apps.


      Access your subscription from outside of the office.


      Get relevant news and insight straight to your inbox.

      • Sign in
     
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
    • Instagram
  • Register
  • Events
    • Upcoming events
      event logo
      Mental Health & Wellbeing 360
      • Date: 25 Mar 2021
      • Digital Conference,
      event logo
      Claims and Underwriting Innovation Forum 2021

      COVER Claims and Underwriting Innovation Forum will investigate the most innovative claims and underwriting practices driving the protection and health insurance market forward. It bears repeating; at the heart of every policy is a human being. As technologies advance and digital capabilities expand, it is crucial that the needs of the customer do not get lost along the way. A personal touch must remain at the centre of every interaction an individual has with an insurance company, either directly or through an intermediary. Hence, this journey is about evolution not revolution.28th April, Digital Conference

      • Date: 28 Apr 2021
      • Virtual Conference,
      View all events
      Follow our events

      Sign up to receive email alerts about our events

      Sign up

  • Industry Voice
  • EBooks
Cover Magazine
Cover Magazine
  • Home
  • COVID-19
  • Life
  • Critical illness
  • Income protection
  • Health
  • Employee benefits
  • Regulation
  • Diversity
  • Mental health
 
  •  

    Personalise your on site experience.


    Download and use the apps.


    Access your subscription from outside of the office.


    Get relevant news and insight straight to your inbox.

    • Sign in
 
    • Account details
    • Contact support
    • Sign out
 
  • Critical Illness

Aggregator pilots universal protection application form for advisers

  • Nicola Culley
  • 03 April 2013
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
0 Comments

A protection products aggregator for advisers and online distributors has launched a universal application for protection insurance.

Directlife's application, Quote+, will be piloted with an unnamed aggregator before being rolled out to advisers.

Quote+ will pre-screen applicants and aims to address the "huge" fall off between initial application and final conversion.

Related articles

  • Healthcare apps in need of regulatory oversight
  • Aston Lark acquires two health insurance broker firms
  • Covid cuts to Universal Credit would push 760,000 below poverty line
  • PRIMIS broker enquiries up 18% during January

The process adds 14 pre-screening questions to produce a more accurate price and direct customers to insurers that are most likely to cover the applicant.

The universal application process will be free for insurers with ten protection insurers, including Legal and General and Aviva, participating in the initial trial including term, family protection and critical illness insurance products.

Rob Quayle, managing director at Directlife, said: "The ability to provide an immediate indicative price to customers is essential. However the industry has only been able to use limited screening questions, which have often produced quotes that are subsequently changed, as well as a customer journey that is not always conducive to the final purchase of the product."

According to Directlife, the process means clean lives can be fast-tracked with immediate acceptance without application and improve those that need full application, tele-underwriting or further advice.

Dan Sharpe, sales director at The Insurance Surgery, said: "It will be interesting to see how this works and whether the providers buy into it. It is something we have been campaigning for for many years and we have given up to be honest. Providers have a vested interest in keeping their application forms unique.

"But because we deal mainly with impaired lives we sit outside the mainstream bubble so this is where universal application forms become more of a challenge."

Sharpe added the intricate questions on full application forms that varied from one provider to another regarding medical history was where the firm encountered problems.

Paul Roberts, head of intermediary business at Directlife, said: "Universal application forms across the board would be an ideal situation to get to. I would hope this could be possible in the future. Our role is to make the provision of protection as easy and accessible as possible."

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Critical Illness
  • Term Assurance
  • Aviva
  • Legal & General
  • Direct Life

More on Critical Illness

Demand for CI and income protection up over a third during Covid

Three quarters of advisers say insurer relationships have improved

  • Adviser / Broking
  • 16 February 2021
Alan Lakey is director of CIExpert
Alan Lakey: The confusion around Less Advanced Cancers

'How does an adviser assess the merits of competing plans?'

  • Critical Illness
  • 15 February 2021
Smokers most likely to cancel life insurance

Cancellation data of 10,822 people

  • Term Assurance
  • 05 February 2021
Katya Maclean: "Advisers have an incredibly challenging job. Our role is to make it easier for them to choose the right critical illness cover for their clients and give them confidence we’ll be there when they need us."
Katya Maclean: Critical thinking

'We've been bold and brave in our proposition design'

  • Critical Illness
  • 20 January 2021
Mick and Tel, the DeadHappy figureheads, are poised for a mainstream TV ad, according to the firm
DeadHappy to go 'mainstream' following £4.75m investment

Major new TV ad campaign

  • Term Assurance
  • 13 January 2021
blog comments powered by Disqus
Back to Top

Most read

The Exeter names Royal London's Isobel Langton as CEO
The Exeter names Royal London's Isobel Langton as CEO
Man sentenced for fraudulent income protection claim
Man sentenced for fraudulent income protection claim
Peter Hamilton: Building back a fairer future for all
Peter Hamilton: Building back a fairer future for all
Holloway Friendly launches income protection for low-risk occupations
Holloway Friendly launches income protection for low-risk occupations
Alan Lakey: The confusion around Less Advanced Cancers
Alan Lakey: The confusion around Less Advanced Cancers
  • Contact Us
  • Marketing services
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube
  • Instagram

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading