General Insurance (GI) provider, Source Insurance, has announced the addition of a property data provider to its platform as part of a move to help brokers place more business.
Source has now integrated the data property provider’s database into its platform.
Through customer research, Source said it had identified that brokers were finding some questions on its platform more challenging to answer, resulting in delaying the ability to produce a quotation.
The latest move now means that when a broker enters their client’s address, the system will automatically populate the property data fields using several verified sources such as the Land Registry and OS MasterMap data.
Source associate sales director, Lee Denton, commented: “After speaking with our brokers they told us that speed was a major factor that was preventing them placing more GI business. Not only does this update reduce the number of fields brokers have to complete but also removes challenging questions such as the year of build.
“This is just the start of many innovations we’ll be adding over the coming months to ensure simplicity in our processes. Our strategy is to support brokers through a platform that makes it quick and easy for them to generate quotes, so together we can find the right cover for their clients.”
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