New entrant hits MPPI market

Heavy use of technology, including online application and submission, is bringing cost savings that should flow thorugh to customers and intermediaries in the form of better prices for consumers and competitive commission rates, says chairman Michael Westacott. He says the company has entered the market on the basis of meeting what it sees as growing demand for "consumer focused general insurance products", while at the same time meeting the needs of intermediaries who require more technology to counter rising costs of doing business. “The changing market environment has allowed us to...