Optocover will also provide Professional Indemnity cover for mortgage professionals.
The new Optocover products have been developed with Towergate Lifestyle, one of the fastest growing insurance underwriters in the UK. Towergate’s understanding of the mortgage and financial services market made them the ideal partner for Optoma to develop its insurance brand, Optocover.
Optocover will offer market-leading products with dedicated administration and superior service. These products will include:
Quotations for all the Optocover products will be available online and will be developed to integrate with Optoma Online, which offers online case tracking and other business tools. Optoma expect to write in excess of 15,000 policies this year, with policies being issued within 2 days, extending Optoma’s unrivalled service to applicants and brokers alike.
-2-
“Optoma has an established reputation in the industry for service and for providing brokers with great business solutions. This range of insurance products, under the Optocover brand, will further reinforce our position as a market leader in the provision of solutions to professional mortgage intermediaries. “ commented Andrew Seymour, Optoma Chairman.
Matthew Bright, Optoma Managing Director, added: “As we head towards regulation, brokers will be selecting their compliance network based on a range of issues. Access to insurance products will be one of these issues and the development of the Optocover products is a key differential advantage of the Optoma offer”.
