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Capita sets sights on Mediquote service

Capita is lining up a bid for Sirius’s private medical insurance quotation service Mediquote, Money Marketing understands.

The move would expand the adviser services offered by the outsourcing giant after its recent acquisitions of adviser portal Webline and back-office provider Quay Software.

Capita is thought to be carrying out due diligence on the system, which forms part of Sirius’s adviser and broker service.

Mediquote was launched in 2001 and was the first PMI quotation service on the market, providing rates and benefits comparisons for individual and group schemes.

It offers current market research for PMI specialists and a fact-finding guide, definitions and product selection criteria for non-specialists.

Managing director of web services Rob Norledge says the firm does not supply data on how many healthcare specialists, advisers, networks, banks and building societies use the service.

Outsourcing rival Vertex offers an adviser PMI quotation service run through The Exchange’s Exweb product using specialist intermediary Preferred Medical.

Sirius announced a profit of 2.1m for 2005, a rise of 54 per cent on the previous year. The technology firm offers back-office services for advisers, insurers and brokers.

Norledge says Mediquote will not comment on market speculation.

Capita refuses to comment.

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