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Trading platform from S&P goes live

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  • 05/06/2003
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Household insurance provider, Select & Protect (S&P), has launched Sprite, a general insurance tradi...

Household insurance provider, Select & Protect (S&P), has launched Sprite, a general insurance trading platform for mortgage brokers and advisers.

The system allows brokers to save both full and partial applications offline and then send them online at a later date. The system includes a quote engine and is fully electronic, meaning that printed forms and signatures are not necessary. It also promises an electronic underwriting service, Spook, which operates 24 hours a day.

Simon Hood, chief executive of S&P, said: ‘While the mortgage lending market is quite robust, this new service makes it even easier for mortgage advisers to add a worthwhile amount of income to their business ‘ typically between £600 to £6,000 per month, with very little effort.’


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