The tool, which has been available for Openwork’s advisers since January, lets advisers upsell, cross-sell and compare multi-benefit and single-benefit products on the same screen.
Ian Teague, managing director for iPipeline UK, said: “In January 2015, we launched Solution Builder with Openwork and in the first month they saw a significant increase in both average monthly premiums at 10.8% and average benefits per client at 17.9%, clearly showing that the solution does not only accelerate adviser businesses, enabling them to become more profitable, but also helps to close the protection gap, as consumers are better covered.
“This is a real step forward for advisers who have previously had to create multiple quote comparisons separately.”
Solution Builder works on multiple devices including tablets, while policies can be added to an Amazon-style basket.
The software also keeps track of the history of what advisers have quoted.
Paul Shearman, Openwork’s proposition director for mortgages, protection and GI, said: “We decided to integrate Solution Builder into our business because we wanted to radically improve the quality and service to our advisers.
“This solution has already proved its worth, as our advisers are able to offer their clients protection solutions, more efficiently than ever before. As a result, we’ve streamlined the sales process and increased our adviser productivity.”
The quote tool is available for one month on a trial basis and then costs £12.50 per month on a rolling monthly subscription basis.
