Online underwriting is next target for Progress

clock

Progress from Royal Liver is considering developing online applications and underwriting which could be intuitively tailored to match the age, sex and medical conditions of the person applying for the protection product.

Speaking at the company’s London roadshow yesterday, Debbie Smith, who joins Progress from Royal Liver in two weeks time as chief underwriting officer, said some of the developments the company is currently considering is the tailoring of client applications to capture information based specifically on the circumstances of their lives, and which are more likely to meet their own requirements. In particular, Smith says there are still many innovations to be had in online underwriting processing which could cut the data required offline and make it more relevant to the application placed b...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

The return of redundancy cover – and why it's important

The return of redundancy cover – and why it's important

Standalone unemployment insurance is making a comeback

Kesh Thukaram
clock 02 April 2025 • 3 min read
PDG responds to FCA Pure Protection Market Study update

PDG responds to FCA Pure Protection Market Study update

Expanded terms of reference

Cameron Roberts
clock 31 March 2025 • 2 min read
FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: 'We're going into this with an open mind'

Jaskeet Briah
clock 28 March 2025 • 3 min read