The intelligent quote tool, which is available via Openwork’s client management system, enables advisers to make several product comparisons on the same screen.
iPipeline plans to bring the product to the open market from the second quarter of 2015 with hopes of encouraging advisers to change the way they work.
Ian Teague, managing director of iPipeline UK, said: “Advisers in the protection market have talked about the need to compare multi-benefit quotes for many years and we are delighted to have partnered with Openwork to bring this solution to the market.
“Solution Builder is tablet friendly and allows advisers to upsell, cross-sell and compare multi-benefit and single benefit products in a single view and then apply online – all wrapped up in a user-friendly, simple interface.”
Paul Shearman, Openwork’s proposition director for mortgages, protection & GI, added: “Solution Builder is an intelligent research, quote and apply tool that makes sense of the many different cover options, what these options will cost and how they could be packaged together.
“In terms of improving the protection advice process, it radically improves the quality and service our advisers can give their clients as solutions can be sourced considerably more comprehensively and efficiently than ever before.”
When looking to purchase multiple protection policies such as general insurance and income protection advisers can compare multi-benefit policies with the cost of single policies from providers and mix and match single forms of protection, combing budget and full cover policies, while they can add them to an Amazon-style basket. The software will also keep track of the history of what advisers have quoted.