TMA launches general insurance proposition

TMA has launched a new general insurance proposition that lets advisers quote and apply for residential household insurance from a panel of leading insurers.

The new system provides advisers with a quick and simple sales process with compliance requirements included automatically.  

It claims that an advised sale can be completed in just 10 minutes. 

Advisers can quickly and easily compare products and premiums from a panel of providers and offer their clients immediate cover, with every sale safe and compliant.

TMA said that selling building and contents insurance “builds embedded value into an adviser’s business”, optimising the long-term income from general insurance trail commission.

TMA’s panel will contain four providers: Halifax, First2Protect, L&G and Paymentshield.

Advisers can either write the general insurance themselves or refer their client to its specialist general insurance broker.

This broker will ensure the client has the appropriate insurance in place, take responsibility for the advice and sale, and pay the adviser an introductory fee.

Gary Little, commercial director at TMA, said: “TMA has put in place both a new panel of providers and a new system in order to make selling general insurance as simple as possible. 

“It is essential that both homeowners and tenants have the right insurance to protect them against loss or damage,

“TMA is putting the adviser in the prime position to ensure that their clients are fully protected while enabling advisers to build up a residual value in their business.”