S&P in Plum Software agreement

Angela Faherty

June 17, 2006

The insurance provider will supply Plum Software’s users with general insurance products, such as mortgage payment protection insurance (MPPI), through integrated systems.

Plum Software users will also be able to complete applications on Select & Protect’s SPRITE electronic trading platform, meaning information is pre-populated throughout the application process.

Jeremy Blount, head of third party relationships at Select & Protect, commented: “Plum Software is an ideal partner. It is one of the most popular back-office systems on the market and, like us, has strong service ethics and believes in the advances in technology and face-to-face support. This agreement has the potential to deliver greater levels of productivity and profitability for its users.”

Select & Protect has said Plum Software users will have access to age-rated MPPI and commissions are paid throughout the lifetime of the policy.

Ann Dempster, managing director of Plum Software, commented: “This integration with Select & Protect offers our users an excellent opportunity to generate additional income at the touch of a button. The company has strong underwriting support and an outstanding record on customer services and support, which will give our users terrific peace of mind.”

Mike Fitzgerald, sales director at Brentchase Financial Services, said the link up would help to enhance the insurance providers proposition. “Select & Protect are on our network’s panel and along with another two insurance providers, we get a great range of products. We have always found it to be a good company with good software and service so the link-up with Plum Software can only enhance this.

“Most decent insurance companies offer commission payments through the lifetime of the policy so it’s up to speed on that, We have never had a problem with it.”

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