Confidas Launch Set to Shake Up Competition in Mid and High Net Worth Home and Lifestyle Insurance Market

LONDON, June 24, 2015 /PRNewswire/ --

CONFIDAS PORTFOLIO INSURANCE - HOME, TRAVEL, MOTOR AND PET

Today Smith Greenfield, leading independent High Net Worth insurance specialists and wholesaler of Mid and High Net Worth insurance products, launches Confidas, a new insurance brand only available through advisers.

Launching with competitively priced, market leading portfolio products - covering homes, buy to let properties, UK holiday homes, travel, motor vehicle and pet insurance - and new technology, Confidas will enable advisers to compete more effectively for MNW and HNW business.  

Built into the new insurance platform is a facility that allows advisers to quote and buy a MNW portfolio product 24/7.  Central to the system is an automatic referral facility to specialists at Confidas for clients with more bespoke HNW insurance requirements.  With Confidas committing to provide the majority of HNW quotes within 4 working hours^[1], the time and process from quote to buy for HNW policies is significantly reduced.  This, in turn, supports advisers in winning business and achieving even higher customer service levels.

With more than 19 years' experience working in the HNW insurance sector, Smith Greenfield recognised the opportunity to develop a market leading solution to enable advisers to compete more successfully on service, product and cost in HNW, and to maximise opportunities presented by the growing MNW sector.

With this intelligence, reinforced by the results of a survey carried out amongst Smith Greenfield's registered brokers in March 2014 (see Notes to Editors), Smith Greenfield worked with industry leading partners U K Insurance, DST Systems, QuestGates and Barrett Corp Harrington to create Confidas (see Notes to Editors).

Steve Smith, Smith Greenfield and Confidas Partnership Director, said: "Confidas has been developed specifically for advisers to help them win and keep more business."

"By ensuring our market-leading, cost effective, portfolio products are only available through advisers, and by streamlining the transaction process, Confidas gives advisers more time and opportunity to cross sell product, raise service levels and grow their own businesses.  With service at the heart of the brand, Confidas makes sure all insurance enquiries which require a more personalised approach are handled by our in-house specialists."

For more details on Confidas Portfolio Insurance:  http://www.confidas.co.uk.  

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1. More complex risks could require more time.