The system will support the administration of the Sesame Insure IFA network offering, which includes household and landlord’s insurance.
Powered by Mi Trader technology, the facility provides multi-party access for Paymentshield administrators and Sesame’s 600 plus IFAs, while placing the business in a secure web-based environment.
It also enables Sesame network members to retrieve quotes and bind risks, improving overall speed to market.
Other features of the new system include full auto-rating, MTA and renewal functionality, add-on processing for legal expenses and home emergency cover, electronic referrals and online document production.
Paymentshield head of marketing Sandy McPherson said: “Paymentshield is committed to making it as easy as possible to conduct business with our broker partners.”
Paymentshield recently took over the administration of Sesame Insure’s book of household and landlord’s insurance, adding to its portfolio of mortgage related insurance products.
The business equates to 30,000 existing policies, with ongoing new business projections at around 3,000 policies per year.
