LV= has announced the launch of its new pre-underwriting tool, in partnership with UnderwriteMe, in a bid to improve the underwriting process for advisers.
The online tool is available through LV='s Fastway 'quote and apply' system. It will enable advisers to check instantly whether a specific illness or condition will result in standard rates, increase premiums, or lead to an exclusion being added to the policy. The tool is available online, 24/7, which means advisers are able to submit business outside of regular working hours and receive instant decisions without having to call an underwriter. As well as an indication of the final underwriting outcome, LV= said it can also be used for multiple conditions and confirming any necessary m...
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