Insurance is a complex industry, with different products, underwriting requirements, and sales processes. As a result, insurance companies, brokers, and advisors often struggle to offer the right protection to their clients efficiently and profitably. However, a UK-based insurtech company called UnderwriteMe is changing the game by leveraging technology to simplify and streamline the insurance journey for everyone involved.
UnderwriteMe is a cloud-based software platform that connects insurance providers, intermediaries, and consumers in a transparent and efficient manner. By using UnderwriteMe, insurance companies can digitise their underwriting rules and processes, making them more accurate, consistent, and fast. This allows them to offer instant quotes and decisions to customers, reducing the time and effort required to sell policies.
At the same time, intermediaries and consumers can use UnderwriteMe to compare multiple insurance products, including life, critical illness, and income protection cover, and choose the one that best suits their needs and budget. They can also apply online, track the progress of their application, and receive updates in real-time. Moreover, UnderwriteMe enables advisers to personalise their advice and recommendations, based on the client’s risk profile and preferences, and offer value-added services such as trust planning and business protection.
To learn more about UnderwriteMe and its impact on the insurance industry, we interviewed Katie Dennehy, Digital Account Manager at UnderwriteMe, on our latest episode of Behind the Broker. Katie has been in the insurance industry for nearly eight years and has worked for a direct provider in Australia before joining UnderwriteMe in 2019. She is passionate about using technology to deliver better outcomes for clients and help advisers sell more protection.
Katie explained that UnderwriteMe has received several awards and recognitions for its innovative approach and customer-centric solutions. For instance, she won the “Best use of social media by a BDM” award at the Protection Guru Awards in 2020, recognising her efforts in educating and engaging advisers on social media. In addition, UnderwriteMe has been named “Best tech provider” at the Cover Excellence Awards in 2020 and received the “Outstanding PP” award at the
Protection Review Awards in 2021, among others.
Overall, UnderwriteMe is a great example of how technology can transform traditional industries and create new opportunities for innovation and growth. By leveraging the power of data, automation, and customer-centricity, UnderwriteMe is enabling insurance providers, intermediaries, and consumers to collaborate and succeed in a fast-changing world. If you’re interested in learning more about UnderwriteMe and its solutions.
✴️ How UnderwriteMe can help Brokers and Insurers save time
✴️ Challenges of selling protection
✴️ Cost of living crises and the effects on mindset
✴️ Why UnderwriteMe educate their clients
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