PTFS moves into buildings and contents insurance
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Personal Touch Financial Services will now be selling building and contents insurance through a partnership with Assurant Intermediary.
PTFS members will be able to access Assurant’s Intermediary’s B&C product through the PTFS B&C engine and the Toolbox system from this week.
Assurant Intermediary’s online point-of-sale system, IPOS, has been integrated with the PTFS engine and Toolbox so that brokers can produce instant quotes and access application forms ready for submitting online directly to Assurant.
The system automatically validates bank information saving advisers time and removes the need to re-key information.
It also provides real-time management reporting and document production.
Assurant Intermediary’s accident, sickness, and unemployment products have been available to PTFS advisers since last year.
Kevin Paterson, sales and marketing director at Assurant Intermediary, says: “We believe the sale of general insurance products should be a core part of every adviser’s offering.
“We want advisers to have complete confidence in the products and services they offer, and we realise that to achieve this products must be consumer centric, at a competitive price, and easily accessible.”
Dev Malle, sales director at PTFS, says: “Assurant Intermediary is committed to the intermediary market.
“Its people are passionate about providing high levels of service and they aren’t just knowledgeable about their products - they understand the insurance market and the pressures intermediaries face as well.
“We’re delighted to be partnering with Assurant Intermediary.”
Readers' comments (3)
Anonymous | 24 Mar 2010 5:26 pm
Puzzled, I thought you had to give whole of market advice, seems this does not apply to B & C, must be tied agents of Assurant!?
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Anonymous | 26 Mar 2010 10:13 am
Assurant has been added to the existing panel, all the above is accurate bar the headline & 1st paragraph.
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Anonymous | 30 Mar 2010 10:22 am
PTFS agents must do B&C via their "Toolbox" software which limits users to a few insurers. It's not 'whole of market' when the same insurers come up cheapest every time.
When it comes to B&C, I truly believe that a lot of ARs would be better off referring their clients to insurers or places like The Source /Berkeley Alexander to deal with their clients on their behalf. Not only does this cut down on compliance, paperwork and time, but they can earn 15% commission straight to their bank account. If they are getting charged network fees by selling it themselves, this may be more attractive to them!!
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