Paradigm Protect, which is part of Paradigm Mortgage Services, has announced a new partnership with technology provider, UnderwriteMe.
Members of the directly authorised protection proposition will now have access to UnderwriteMe’s Protection Platform, which covers products from eight providers and allows advisers to fill in one application for all.
The results delivered allow the adviser to compare fully underwritten premiums for products from multiple providers, even if the client is healthy or has existing medical conditions. Advisers can then recommend to clients and put the client on-risk with multiple providers with a single submission.
Protection Platform is fully integrated with Defaqto and integrates most major UK insurers to provide a range of products such as life, critical illness, family income benefit and income protection.
Director of protection at Paradigm, Mike Allison, commented: “We are very pleased to be announcing this new partnership with UnderwriteMe’s Protection Platform which now provides access to a groundbreaking protection proposition for our member firms through Paradigm Protect, and hopefully eases the adviser, and client, journey, when it comes to ensuring they have the right protection policies in place for their needs.
“In these days of Consumer Duty, ensuring firms cover off the protection conversation and go through the client needs in detail, is vital. However, we also want to ensure we use the technology available to make that process easier, to cut down on the administration burden and the need for rekeying, and by using platforms such as UnderwriteMe, advisers can do this, and so much more.”
Commercial director at UnderwriteMe, Mark Cracknell, added: “UnderwriteMe is delighted to be working with Paradigm, working together with adviser firms to grow protection business. Our aim is to work with advisers to simplify the underwriting process, making protection more accessible.”
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