Insurtech Uinsure has launched a dual initiative to support mortgage advisers and their clients during the Covid-19 pandemic.

They are focused on two years commission upfront for advisers and paying policy cancellation fees for clients.

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Two Years Commission upfront is designed to help advisers’ cashflow, allowing them to receive the first two years of their commission for new Uinsure GI policies upfront. In the third year of the policy, it reverts back to the normal commission arrangement.

Furthermore, when advisers determine that it is in customers’ best interests to switch their insurance policy to a Uinsure 5 Star policy, the insurtech will pay the cancellation fees.

The firm has recognised the needs of customers during these challenging times and has launched a number of initiatives for advisers and clients alike. It has recently launched a complimentary financial services tech support solution to help businesses. In addition, it displayed a “Thank You NHS” initiative to reward NHS workers with cashback on GI policies.

David Smith, chief innovation officer at Uinsure, said: “These are unusual times that we’re in right now, this new normal is taking time to adjust to. We’re here to make this normality a little easier for our Advisers and their Clients alike, and ensure that through all pulling together, we will succeed and get through to the other side.

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“Already, we’ve launched our Tech Support service for remote workers and the “Thank you NHS” scheme which rewards NHS workers with a £30 cashback on their policies and, in the true power of threes, comes our dual Two Years Commission upfront and Clients Cancellation Fees paid initiative. This will really help Advisers who are focussing on remortgages and product transfers during this lull in new mortgages and support their Clients by paying their Cancellation Fees. I’m really proud that we have brought this excellent support to the market.”