A new working party is being launched to improve the process of getting quotations for private medical insurance through the creation of an online portal.
The party, chaired by Polaris, aims to have an action plan in place by March 2007 which addresses the fact PMI is lagging behind the rest of the insurance industry in terms of technology developments.
Stephen Walker, chairman of the Association of Medical Insurance Intermediaries (AMII), says one of the party’s intentions is to create a portal which enables intermediaries to do business and get quotations online.
Intermediaries would be able to enter an individual’s personal and medical information on the portal, get quotations from all the relevant insurers and then choose the best product.
Walker says the portal will initially be aimed at the group PMI market, but he adds it may extend to the individual market if it develops successfully.
Peter Knowles, strategy and marketing director at Polaris, says the firm is likely to adapt its existing general insurance portal, known as imarket, for PMI quotations and renewals.
imarket allows general insurance brokers to access short cuts through to insurers’ extranet quote services, obtain comparative online quotes, submit requests for new business quotes to insurers directly from a back office system without any re-keying, and access discounted insurance support services.
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