PMI available on Webline

A new, private medical insurance quotation service which gives financial advisers and their clients independent, whole of market advice is now available to Webline users.

The easy-to-use service is provided by PMI Partners a leader in their specialist area. It allows Webline’s advisers to provide free indicative quotations for their PMI clients. When required, PMI Partners can give advice over the phone to the introduced client – this will be in around 90 per cent of cases. This allows PMI Partners to deliver a rapid, professional service, while advisers retain complete control over their clients as PMI Partners provide a ‘no cross-selling’ guarantee.   According to PMI Partners, this new feature can result in real savings on premiums for up to 40% for clients and obviously provide an additional revenue stream for brokers for completed applications based on an introducers’ fee.

The new service has been launched at a time when Webline are reporting that they have provided well over 150 million quotes for products ranging from protection and investment, to general insurance, pensions and annuities.

Matt Humphrey, managing director of Capita Financial Software, which combines Quay, Synaptic and Webline, said: “In spite of the economic slowdown we’ve seen very little reduction in the number of quotes that financial advisers are requesting through Webline. On average we are producing around 3 million quotes per month, and in February we facilitated the highest number of online applications in a single month for protection and investment products through the platform. Advisers have seen the advantages of using our online application services and – in many cases – benefiting from the enhanced payments they receive from the providers as a result. Not only this, but our user base continues to attract new users despite the tough market conditions – with 500 new firms registering in February alone.”