Mortgage technology provider Twenty7Tec has joined forces with Uinsure, a technology solutions provider for the insurance sector.
Under the partnership, Uinsure will serve as the exclusive general insurance (GI) technology partner of Twenty7Tec.
Twenty7Tec sales director Phil Bailey said: “The two teams have managed to create an industry first in such a short timeframe which is no surprise given both Fintech businesses are strongly focused on the intermediary world.
“We chose to link with Uinsure as their ethos, desire and capabilities in the technology space closely mirror ours.”
Through the alliance, MortgageSource and MortgageApply system users can generate GI quotes for all mortgage cases.
This will be supported through Uinsure’s API.
Twenty7Tec users can access the GI quote after they input a customer’s basic details within mortgage sourcing.
Uinsure chief innovation officer David Smith said: “Over recent years mortgage advisers have been unable or unwilling to compete against comparison services and customers have been underserved. This changes that.
“At Uinsure we’ve set out to transform the adviser GI sales journey to overtake the experience comparison sites provide for their customers. We’ve seen a 70% increase in GI applications via our new API recently.”
Last month, Uinsure introduced its “Zero Questions Asked” functionality for general insurance quotations.