The protection specialist today revealed plans to speed up the underwriting
process for larger cases by increasing it’s underwriting limits and
introducing a team of senior underwriters.
The changes will see a reduction in fixed escalation rates, an increase in
the amount of maximum life cover from £2m to £5m and an increase in the
amount of maximum CI or CI and life from £500,000 to £1m.
Other changes, which take effect from July 28, include extending the return time for confirmation forms from 30 days to 60 days.
Bright Grey product director Roger Edwards says: “This year our focus has
been on improvements to the customer experience of our application and
Following the introduction of our reinsurer independent underwriting system,
these enchantments reflect and build upon market trends, such as the
requirement for higher levels of cover.”