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Assureweb clinches deal for Bankhall quote system

Assureweb has tied up with Bankhall in a deal that will see it power Bankhall Online’s existing protection quote engine and new income protection service.

The move follows Assureweb winning a contract to provide quotations and integration services for AWD. It is also in late-stage discussions about a similar partnership with True Potential.

Assureweb will take on the running of Bankhall’s own quotation engine but use its own links to providers and also provide its payment systems to Bankhall’s members.

Assureweb chief executive John Spellman says it believes it is close to bringing in a seventh provider shareholder to back the business.

It raised £7.5m from its existing shareholders earlier this year and a portion of this has been invested in product and technology development, with rollouts expected towards the end of the year.

He says: “We have had a number of big contract acquisitions in recent months and aim to become the industry utility. We are seeing strong growth in new user numbers and new business transaction volumes and are targeting generating 30 million quotes this year.”

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