Back-office system provider MortgageKeeper is offering an add-on facility that generates protection quotes based on data from live mortgage applicants.
The AssuranceKeeper system works by pulling details about the customer’s mortgage held on the MortgageKeeper system and matches this with product data held on Assureweb.
Corresponding quotes will then be automatically displayed alongside the client’s details for life assurance, critical illness cover and income protection to cover the mortgage.
AssuranceKeeper can be used as a customer relationship management system for pure protection advisers. It includes a client search facility to identify borrowers who did not take out protection when they arranged their mortgage to allow advisers to run up-to-date quotes.
The system is free to MortgageKeeper users.
Managing director Richard Watkin says: “AssuranceKeeper will save mortgage brokers time and help them increase profit by identifying cross-sales of insurance. The idea is for Assurancekeeper to act intuitively as a broker would do by researching the market to find insurance quotes tailored to clients’ needs.”