In response to the Financial Conduct Authority’s (FCA) Consumer Duty Consultation, iPipeline has launched of Life Update Process, a configurable digital platform.
The insurtech provider stated that the platform is targeted at allowing banks, providers, and advisers to hold more regular policy reviews with clients. The process involves answering a set of questions which will help verify that personal and medical circumstances are in order. If there are changes, it could mean a reviewal of the client's cover may need to take place. It also allows customers to know their protection policy in more detail and can prompt them to revaluate their cover ...
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