The tool leverages Rice Warner’s Galaxy risk insurance engine that provides an up-to-date and reliable API.
Midwinter said the Galaxy engine is designed to improve and simplify the user’s overall decision-making process and the accuracy of quotes when it comes to identifying best-fit insurance products for their clients.
Midwinter chief executive Jeff Hall said the devil is in the detail when it comes to offering quality and uncompromised financial advice.
“We partnered with Rice Warner to gain access to a rich source of data via their market-leading engine. The data is fed into our insurance comparator and extracts the key differences between policies at the most granular level and calculates the premiums,” Mr Hall said.
“The insurance comparator helps advisers rationalise costs versus features, giving them the confidence and conviction that they’re recommending the best and well-priced insurance products to their clients.”
Shame the tool doesn’t work properly