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PolicyMaster set to inject new life into PMI with electronic quotes

Software provider PolicyMaster claims it is set to revolutionise the

private medical insurance IFA market with a new electronic quotes and

application system.

Its PMI system Mediquote currently offers intermediaries the facility to

search for tailored quotations but it plans to add an online electronic

data interchange capacity on the existing Mediqote service by December.

The service is currently re-launching in an online Windows format.

The company says its plan to add an online quotation and application

facility is in response to problems of lengthy waits to receive quotes and

application forms, which intermediaries say is a barrier to increasing


Providers signed to the existing service include Norwich Union, Royal &

Sun Alliance, PPP Healthcare and Standard Life Healthcare.

Just 200 intermediaries are using Mediquote but Policy Master says it

expects the EDI facility to attract more intermediaries plus IFAs who are

not dealing in the pmi market in significant volumes.

Marketing director Simone Romain says: “Being able to transact at the

point of sale will mark a sea-change in the market. It will increase the

numbers dealing in pmi and increase the business volumes for



Origo set to be standard setter in the US market

Origo is set to export its electronic standards to several of the biggestUS insurers.The Edinburgh-based organisation is a pioneer in setting common standardsfor electronic trading of life and pension plans.But now several major US players are understood to be interested in thestandards established by Origo, which are to be extended in the next twomonths to […]

The Exchange teams up with NTL

The Exchange is set to bring personal finance services to millions bylinking up with ntl&#39s transmission network.The partnership will give The Exchange&#39s Moneyextra. com service access tonearly six million homes nationwide through the ntl network&#39s FinanceChannel when it launches later this year.The link-up means consumers will be able to find out about and comparefinancial products […]

Conference meets with MPs to push LTC cause

The Continuing Care Conference, an umbrella group of insurers, charitiesand health providers, has met with MPs and peers in a bid to keep long-termcare on the political agenda.The CCC told the all-party working group on older people it is anxious forthe Government to address the issue as it is a year since the royalcommission delivered […]

ScotProv admits mutual status is being reviewed

Scottish Provident has rejected calls by carpetbaggers for anextraordinary general meeting to decide on its future mutual status.But the life office has admitted that it is carrying out its own reviewinto its status.Rejecting a letter from carpetbaggers demanding an EGM, the board says itsstatus is already under review and an EGM is not appropriate.The board […]


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