The ‘Mortgage Care’ and ‘Payment Care’ products underwritten by AmTrust and administered through its relationship with the Wessex Group, offer rates of £3.95 per £100 for full accident, sickness & unemployment cover. In addition, brokers will have the ability to access a 24/7 management information extranet to obtain a suite of reports on their individual business levels and performance.
‘Mortgage Care’ is intended to have mass-market appeal and offers a guaranteed acceptance process for cover up to £1,500 per month for standard cases. ‘Payment Care’ is fully underwritten and aimed at higher income earners with cover up to £2,500 per month at a rate of £4.55 per £100 for full accident, sickness & unemployment cover.
Both products offer commission at 25% with variations of cover for accident, sickness or unemployment and payment options for single and monthly premiums.
Terry Young, Head of Operations at Network Data comments: “From our research, it was clear that one of the key areas for brokers was the ability to track their business volumes and the performance of their book of business. There is undoubtedly a lack of management information given to brokers from other providers in the market and we wanted to address this area in addition to offering market leading rates”