Assurant Solutions will be working with Woodley Hall to enable Woodley Hall's business partners with the aim of selling some of the best payment protection cover in the marketplace and to participate in the underwriting profits, whilst maintaining the ownership of their customers.
Ian Moffatt, Sales and Marketing Director at Assurant Solutions, comments: "Jonathan Woodley and Brian Hall have between them over 50 years' underwriting experience, and share our philosophy that the 'off-the-shelf' product that many insurers are content to provide is simply out of date and fails to meet the ever-changing and varied needs of today's consumers.
"The payment protection products that we will be underwriting for Woodley Hall offer one of the most flexible range of offerings in today's marketplace. They will enable their business partners to create meaningful schemes that will deliver tailored solutions to meet individual needs. I'm delighted that we can work together to ensure that UK consumers have the opportunity to buy the right product to suit their own circumstances at the right price."
Launched in February this year and based in the heart of the City, Woodley Hall Underwriting provides underwriting and consultancy services in the creditor market to finance houses, independent financial advisers and networks, mortgage brokers, debt consolidation companies and motor dealerships.
Brian Hall, Director at Woodley Hall Underwriting, comments: "We want to give our business partners direct access to flexible and affordable creditor insurance products and allow them to share in the profitability of their individual schemes - without having any administrative hassle. We'll control all aspects of the management of each scheme from issuing underwriting guidelines, to overseeing key facts and policy summaries to handling claims - leaving our partners to focus on what they're good at, and that's selling."