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 if need be to fit their current circumstances. Paul Yates, product strategy director, iPipeline, ...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
