The Exchange unveiled its business statistics at a celebration party held on the evening of 18 October at the Soho Hotel, London.
Key statistics included:
- 1 billion online quotations since 1991 – performed by advisers using Exweb and its predecessors, the Common Trading Platform (CTP) and Videotext
- Over 17,500 online new business applications submitted via Exweb in September 2006 – highest ever recorded
- 53 per cent increase in new business submissions (Q3 2006 vs Q3 2005)
- 48 per cent increase in total number of online quotes (Q3 2006 vs Q3 2005)
- 131,424 online new business submissions completed in 2006 to date
- The acquisition of 1st and integration of the Exweb portal with the Adviser Office solution – used by over 12,000 advisers
- Launch of five new and revised services including Pensions Term Assurance and New Business Tracking
- Enhancement of a further three services, comprising Equity Release, Annuities and Exweb Gold
- Remodelling of Exweb to improve the service and simplify navigation for users with an enhanced ‘look and feel’.
- Completed an additional seven integrations
- 30 free roadshow training events for Exweb and Officeweb users
- September 06 new business campaign, which included series of eight user events and supporting marketing and promotional activity
“ Reaching the one billion quotes target is a major milestone not just in the history of The Exchange but for the industry as a whole. Ecommerce usage is increasingly being adopted as an integral part of the adviser’s business process and the more we encourage this, the more the results will be felt by advisers, providers and clients alike.”