"Today's fast-moving, unpredictable environment means the risks business owners face are bigger than ever, and the need for protection has never been greater."
- Josh Skelding - Score
Score, formerly known as Acre, has today announced updates to its support for business protection, including automated suitability letters and integrated sourcing.
Its latest protection developments allow advisers to create and manage business protection recommendations to clients with the same structure as the rest of Score’s protection journey.
The all-in-one intermediary platform is live with business protection workflows such as relevant life (level and decreasing term) and executive income protection. Additional business protection product types such as shareholder protection are currently being tested with protection-focused brokerages ahead of a broader release.
Users will be able to capture client and group requirements, existing policy information, and beneficiary information in Score’s fact find. This information is automatically used in embedded sourcing, powered by Iress’ The Exchange. Quotes, documents, case tracking and accounting are all done without leaving the platform.
READ MORE: Iress integrates protection sourcing data into new Access FS platform
"Today's fast-moving, unpredictable environment means the risks business owners face are bigger than ever, and the need for protection has never been greater," Josh Skelding, chief commercial officer at Score, said.
"With business protection sourcing now brought into Score, users can offer that safety net to new and existing clients alike, broadening advisers’ own proposition while keeping their clients' wellbeing, both personal and professional, front of mind."
Chris Caulfield-Jones, director of risk and compliance at Cornerstone Finance Group, added: "Business protection is a vital, yet often under-discussed, area of client advice. The ability to identify, source and evidence business protection needs within the same CRM environment advisers already use for mortgage and protection advice is a positive step forward for advice quality and client outcomes.
"At Cornerstone Network, we welcome Score’s innovation that helps advisers have better-structured conversations with business owners and key individuals, while supporting clear audit trails and good customer outcomes."
