Royal London partners with L&C in 'revolutionised' protection application

Instant decision on life cover eligibility

clock • 2 min read

Royal London has partnered with mortgage and protection adviser London & Country (L&C) to develop and test a life insurance application service providing an instant decision on life cover eligibility as part of the mortgage advice process.

The insurer said this service, called Streamlined Mortgage Protection, will "make it easy" for customers to buy protection as part of the mortgage sale. Royal London has developed a new underwriting scoring engine using predictive analytic techniques to remove the friction created by the traditional underwriting approach. Data collected for the mortgage fact-find is used by the scoring engine to make an instant decision on life cover eligibility as part of the mortgage advice conversation.  The application process features only three medical and three lifestyle underwriting questio...

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