The platform caters for brokers with individual clients requiring IPMI cover. The unique benefit scoring feature allows a broker to immediately compare different products and their benefits when making client recommendations. Brokers also receive an on-screen price indication for each policy being considered and can access the Health Compass ‘Solution Radar’ that maps each product according to price vs benefit.
The system enables an intermediary to go from client enquiry to sending a proposal form in less than five minutes.
David Eline, Founder of Health Compass, said: “Health Compass is a game changer for brokers as it cuts through the complexity and reduces transaction times for IPMI business. As a broker with many years’ experience in the IPMI industry myself, I know that intermediaries will find the platform to be hugely beneficial.”
Health Compass creates potential to quickly build an IPMI book
Health Compass has access to 80 per cent of the IPMI market products, creating the potential to quickly build an IPMI book. Ownership of customers added to Health Compass remain firmly with the intermediary.
Eline expalined: “With a skill shortage in the sector Health Compass is well placed to assist intermediaries to expand their business in this market or to easily take a step into it for the first time. We are excited to be working with brokers around the world including the UK who we know will find the system of benefit to their business.”