Sesame has launched a general insurance service, in an attempt to help its members during the market turmoil.
The general insurance panel, which will comprise of Halifax, Paymentshield and Royal & SunAlliance, has been launched following an extensive review of the market.
A recent industry review assessed general insurance providers on a range of criteria, including their ability to offer quality products with a breadth of cover, competitive premiums and a strong track record in claims and customer service.
According to Sesame, key findings in the review suggest general insurance providers need to be able to offer advisers a simple transaction process consistent with the principles of TCF.
"Driving additional revenue is paramount for advisers in today's tough market conditions, and the inclusion of high-quality general insurance products can form an increasingly important part of an adviser's service to clients," says Roger Crocker, head of general insurance at Sesame.
"Advisers often underestimate the value that general insurance can add to their business, where even a small number of policies each month can build into a lucrative and regular revenue stream. With advisers now embedding TCF into their businesses, there are clear regulatory and commercial benefits to offering customers a more holistic financial planning service."
Charlotte Banks on 0207 484 9943 or email: [email protected]IFAonline
Lowest level since 2016
Subset of fintech
Just one-fifth not in favour
Armed forces charity
PI providers adding constraints to cover