Online system from Practiv
IT Consultancy Practiv has partnered with Friends Provident to develop an online insurance system fo...
IT Consultancy Practiv has partnered with Friends Provident to develop an online insurance system for protection products. The system allows intermediaries to apply online, then print an underwritten insurance policy for their customer in real time. It is claimed to provide immediate decisions for 60% of cases where no further medical evidence is required. The service removes administrative delays and is claimed to reduce the chance of errors slowing the application process.
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