Insurtech Uinsure has added Zurich to its Household and Buy to Let panels of UK insurers.
Zurich joins firms such as AXA, Ageas, LV=Broker, RSA, and UK General.
The year has been busy for Uinsure so far as it launched its online non-standard product, reduced its eligibility question set and worked on improving its mobile phone cover.
Paul Kelly, director of product development, said: “Zurich are a much- welcomed addition to our panel of leading insurers. They will provide 5-Star rated products via our market-leading technology and strengthen our whole of market proposition. We’re extremely excited about this partnership and look forward to working with Zurich for many years to come.”
Furthermore, it 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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By GlobalDataTwo 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.