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July 15, 2020

Zurich enters UnderwriteMe’s protection platform

By Patrick Brusnahan

Zurich has launched on the UnderwriteMe Protection Platform. As a result, its life insurance and life & critical illness direct-to-consumer products will be available on Money Supermarket’s version of the platform.

In addition, the goal is to also have Zurich’s intermediary products more widely on the Protection Platform. This will enable other distributors, including advisers, to access “buy now” prices from Zurich alongside all other insurers on the UnderwriteMe software.

The Protection Platform lets customers access multiple products from multiple insurers in one place. It is based around a single underwriting question set for multiple lives, products, and insurers.

Furthermore, it also holds a full integration with research firm Defaqto, which allows in-depth product comparisons.

Nilesh Patel, head of Sales and marketing at UnderwriteMe, said: “We are absolutely delighted to welcome Zurich to our list of Insurer partners on the Protection Platform. The platform is experiencing another record year in 2020 and so to add another strong insurance brand like Zurich will further improve our proposition.”

Peter Hamilton, head of retail protection at Zurich, said: “We’re really pleased to launch life and critical illness products on to the Protection Platform. These offer comprehensive protection with a simple application process. Customers can also access free support services and flex their cover up or down as their lives change.

“This initial collaboration via MoneySupermarket extends our reach and allows us to provide more customers with much needed protection.”

In addition, Zurich Insurance Group announced the plans to establish a Shariah general insurance company in Indonesia by converting PT Zurich Insurance Indonesia (ZII).

The conversion is expected to enable Zurich to offer a range of products and solutions that meet the growing needs of customers in the Indonesian market.

The move follows the acquisition of 80% of PT Asuransi Adira Dinamika (Adira Insurance) by the company last year in November.

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