Halifax, a provider of home insurance, is streamlining its mortgage and general insurance systems to make it easier for brokers to do business.
The sales process now incorporates general insurance (GI) into the mortgage application process, reducing the amount of time it takes to complete a GI application.
A home and accident, sickness and unemployment insurance quote and sale can now be completed in less than a minute.
Integrating the mortgage and insurance sales process, Halifax is making it easier for brokers to trade GI in a number of ways.
When brokers sign into the mortgage platform, the GI platform will now launch automatically. The pre-population of data is also expected to reduce the amount of time it takes brokers to complete and submit GI business.
Jon Craven, head of mortgage intermediaries, Halifax General Insurance, said: Halifax General Insurance has invested heavily in the Intermediary channel over the last couple of years. We’ve listened to brokers and refined our products and systems to ensure simplicity of sale, a decent return for the broker and quality and value for the customer.
The system changes we’re announcing today coupled with the three year upfront commission launched earlier this year, means trading GI has never been easier.