threesixty has launched a special risks insurance support service through a deal with The Insurance Surgery, and which effectively sees the firm move into introducing.
The Insurance Surgery sources life insurance and other financial products for clients in special risk areas, such as pre-existing medical conditions and dangerous past-times.
Phil Young, a partner at threesixty, says clients will be offered a "full introducer" service whereby The Insurance Surgery will source an appropriate provider and deal with the administration of the case on a commission-split basis.
He says threesixty will look at extending the introducer service to other areas in the future "where we find areas that bring a genuine business benefit".
Alternatively, clients will be able to adopt for a straightforward consultancy with The Insurance Surgery on a flat-fee basis and Young expects the majority of IFAs will take up this option in the first instance.
David Brattesani, another partner at threesixty, says the two-tier service will give clients the opportunity to maintain control of a case or delegate management of the process to The Insurance Surgery.
He states: "The sourcing of appropriate cover in the special risks market is time consuming and something best delegates to experts in the sector."
Paul Mellor, founder of The Insurance Surgery, says: "This is a natural extension of our existing services, which we have been delivering successfully for seven years. We are confident that threesixty’s clients will embrace the commercial benefits of engaging this service and we look forward to working with IFAs of their calibre."
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Emily Perryman on 020 7968 4554 or email [email protected].IFAonline
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