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New state of the art software gives brokers the edge
28 July 2005
In an industry first, brokers selling private medical insurance can enrol companies and give them access to cover within minutes, thanks to the new multi-million pound computer system which supports Bupa’s new PMI scheme - Bupa Select.
The system allows faster, more accurate invoicing and speedier commission payments. And, from December, brokers will be able to get online quotes instantly without having to fax, call or email the details.
Bupa Select allows brokers to build bespoke cover, to suit each client’s individual business needs, from an extensive range of core benefits including in-patient and out-patient treatment in more than 180 hospitals. Additional options to increase or reduce the level of cover to suit the budget and size of the company can then be applied. Some companies may want to increase the number of hospitals or add out-patient benefits or provide a cash benefit towards the cost of optical and dental care, while others may want to lower premiums by including an employee excess or removing psychiatric benefits.
Ann Greenwood, director of business markets at Bupa Insurance comments: “High broker demand told us we needed a policy that was much more flexible and modular rather than simply opting for a ‘one size fits all’ approach with lots of features you pay for but may never use. With our new system, we can now accept new business on any day of the month, rather than the industry norm where clients have to wait for cover to kick in on the first day of the next calendar month.
“When we tested Bupa Select in the run-up to launch, brokers were impressed, particularly with the web enabled functionality and the flexibility available to build bespoke cover,” she said.
Online and email invoicing allows single payments to be made by Direct Debit which will speed up the payment process and means quicker payment of commissions. Membership paperwork has been redesigned and is now clearer and less ambiguous to ensure everyone understands precisely what they are covered for.
Brokers interested in further information about Bupa Select should call 0800 33 2000.
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