Openwork has chosen iPipeline's indicative underwriting tool XRAE to ‘improve and accelerate' its advice model.
Openwork members will be able to access the service via OWS, their Client Management System, which is integrated with the Assureweb Portal and now XRAE.
Ashley Janes, mortgage & protection proposition manager at Openwork, said: "We have chosen to use the XRAE product to help us ensure we can provide a better protection sales experience for our advisers and their clients by helping deliver more efficiently accurate quotes, which will therefore help us convert more business and drive increased revenue and profitability."
Meanwhile, Ian Teague, UK managing director of iPipeline said: "There has long been a need in the industry for a rules-based indicative underwriting solution, which ensures protection is accurately quoted to reduce underwriting delays, lower costs, and minimise lost sales. XRAE helps advisers address those issues."
He said the tool, launched in April, had received a great response from users.
The service now has 6 providers including Aegon, Ageas Protect, Zurich, LV=, Bright Grey and Scottish Provident.
iPipeline also confirmed it will continue to work with advisers and providers to define future enhancements to the XRAE product and these, along with extended provider coverage, will be announced soon.
IFA sales on the rise
Thursday 12 March
COVER Podcast #3
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