Leading protection IFA ditches online applications

Peter Chadborn, co-founder of CBK Colchester, says other systems of underwriting are time consuming and offer too large a non-disclosure and compliance risk, adding he even prefers paper-based applications. Big T tele-underwriting enables advisers to separate themselves from the interview and medical aspects of a protection application by passing these responsibilities on to an insurer or third party. It is, however, only offered by some insurers while most have spent millions installing systems enabling advisers and consumers to apply online. Online systems can, for the simplest case...