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Announcing our "game-changing" live two-way integration with CIExpert
Navigating the complexities of critical illness Critical Illness plays a vital role in providing financial security during life’s most challenging moments. However, despite its importance, CI insurance remains under-sold, a concern highlighted in the CIExpert Critical Thinking Report 2024. With many consumers lack…
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Income Protection enhancements - Personalising Protection
Overview We are pleased to announce a number of enhancements to our Income Protection service all designed to provide greater product clarity and price certainty Let us introduce you We have made a number of enhancements to out Income Protection services (Personal & Business) on The Exchange, all designed to give…
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Updates to Multi-policy service
Overview We have made a number of enhancements to out Term and IP services (Personal & Business) on The Exchange, all designed to give advisers greater flexibility when quoting, reviewing and filtering the product options returned. More information on these exciting updates can be found in the following articles Term…
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Term enhancements - Personalising Protection
Overview We are pleased to announce a number of enhancements to our Term service all designed to provide greater product clarity and price certainty Let us introduce you We have made a number of enhancements to out Term services (Personal & Business) on The Exchange, all designed to give advisers greater flexibility when…
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Effortless Access to Provider Documents Across all Protection Services
Overview Unlock your knowledge with The Exchange We are delighted to share that, in response to adviser feedback and our commitment to supporting consumer duty, we have implemented enhancements across all protection services. These improvements include the addition of a new "Documents" tab on the right-hand panel of the…
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Setting Your Preferences On The Quote Input Screen
Overview Flexibility and tailored experiences have become the cornerstone of user satisfaction. At The Exchange, we understand the importance of making provision for individual preferences. Are you aware that The Exchange allow advisers to select and set their preferred default quote input options across all our protection…
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Smoker Notes Now Available On Our Whole Of Life Service
Overview The demand for better product clarity We are pleased to announce that following adviser feedback and our bid to support consumer duty, enhancements have been made to the Whole of Life service to highlight information that you told us would provide better product clarity; how providers quote on smokers and…
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Debunking The Myth
Overview One of the commonly held myths about insurers is that “they don’t pay out”. While there is still a lack of trust amongst some consumers when it comes to claims being paid, the Association of British Insurers (ABI) reported that around £6.85 billion pounds was paid out by insurers in 2022 which kept the percentage…
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Quick Access to Target Market and Fair Value Assessments
Overview Under the new Consumer Duty rules, all Product manufacturers of regulated products were required to conduct a fair value assessment of their products. These fair value statements need to be assessed by each individual firm to review whether they believe the products offer fair value to their customers or not. The…
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Failed Potentially Exempt Transfer (PET) - Quoting for Gift Inter Vivos
Overview A Gift Inter Vivos plan allows your clients to protect their beneficiaries from any potential inheritance tax (IHT) liability for gifted assets, by providing cover for the potential tax should your client pass away within 7 years of the date the gift was made. Following Aegon's recent decision to withdraw from the…
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Getting a Quote Matrix Using the Multi-Policy Service
Overview Are you aware that there is an easy and efficient way for you to compare premium prices for any service on The Exchange with varied quote inputs? The Multi-Policy service allows you to add up to (5) policies with varied quote inputs. The quote results are summarised into a package view containing a quote for the…
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Getting Multi-Policy and Multi-Benefit Quotes
Overview Save time and increase sales by quoting for up to five benefits at once, and comparing single-benefit products alongside multi-benefit (menu based) products. The Multi-Policy service enables you to get quotes for multiple protection policies using a single set of screens. You can select up to five (5) policies and…
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Income Protection Product Features on The Exchange
Overview The demand for better product clarity As more products emerge with value-added services, additional features and provider specific terminology, advisers are looking for clarity around these enhanced product offerings. To help bring this clarity to the new protection products on the market, Iress has introduced…
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Multiple Deferred Periods on Income Protection Quotes
Overview The multiple deferred period policies are those where two or more benefits are required, and are to be paid after different periods. This functionality can be useful if you want different levels of cover to start at different times. You can enter up to three deferred periods on any one quote and benefits can also…
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Term Product Features on the Exchange
Overview Same Product, More Clarity on Value Forget comparing on price, most protection products now come with a host of value-added services, additional features and provider specific terminology. Advisers have always had difficulties relaying all the benefits a product offers to their clients and are looking for clarity…