UnderwriteMe’s protection platform saw record volumes in January 2020.
Using a single application process, the platform delivered underwriting decisions to over 90,000 lives, with 60% of these receiving “buy now” terms from three or more insurers.
This rise in activity secured 23,000 protection sales, which was a record month for the platform and a 27% increase when compared to the same month in 2019.
Throughout 2019, UnderwriteMe grew the number of intermediary firms using the platform by 70%.
The share of business from these intermediaries who were new to UnderwriteMe in 2019 accounted for one in four sales in January 2020.
Phil Nash, sales director at UnderwriteMe, said: “2019 was a great year for the protection platform and we’re delighted 2020 has been off to such a fast start.
“We are onboarding more intermediaries and seeing their volumes with us ramp up.
“We’re delighted with the user feedback and we believe this demonstrates the platform is supporting advisers to help drive better customer protection conversations and outcomes.”
James Tait, the recently appointed chief executive of UnderwriteMe, added: “It’s an exciting time to be joining UnderwriteMe and I am looking forward to leading the team and the business through its next phase of growth and building on the strong foundation already in place.”