Yorkshire Building Society has announced it is making access to home insurance products easier and more competitive by working with leading insurtech, Uinsure.
The mutual has chosen Uinsure who work with a panel of leading UK insurers to automatically generate customers a quote based on the same 5 Star Defaqto rated policy. Providing customers with easy comparisons between providers with the only difference in the product being the price.
Quotes can be accessed via the Yorkshire Building Society website and the process takes just minutes.
As part of the mutual’s commitment to providing long term value to customers, no commission will be made for any referrals instead passing the saving directly back to customers – this makes the offerings one of a kind – ensuring customers can get the best possible price available.
Research released today by Yorkshire Building Society shows that almost a quarter (23%) of Brits don’t currently have either buildings or contents insurance and of those only 1 in 5 said it was because they didn’t need it. Almost a third (31%) said it was too expensive, 15% felt they had nothing of value and one in ten (10%) felt their home was well protected and therefore insurance wasn’t needed.
When it comes to shopping around for the best policy, despite two-thirds (66%) confirming they have reviewed their current policy in the last year, over a quarter (26%) admit they would review their policy every two years or more.
Chris Irwin, director of savings at Yorkshire Building Society said: “I'm really pleased to launch this new service to our customers. Finding partners that hold values aligned to our purpose was absolutely essential.
“We’re confident we’ve found this in Uinsure and I’m excited to see how they can help our existing and future customers with their protection needs going forward.
“It is important for our customers to be able to access the right insurance products at an affordable price available in ways that they want. We believe by passing commission back to customers, reducing their premiums, continues to demonstrate our commitment to member value and we hope this new service will enable customers to enjoy life knowing we have options available to give them the protection they need.”
Lauren Bagley, chief distribution officer at Uinsure, added: “Our mission is to enhance the accessibility of insurance by providing a streamlined and user-friendly purchasing experience for our partner's customers. Our technology has been thoughtfully designed with the user in mind, allowing customers to obtain a 5 Star Defaqto rated quote in as little as 30 seconds through a simplified quote journey.
“We’re delighted to collaborate with Yorkshire Building Society, renowned for its dedication to member value and commitment to providing long-term benefits to its customers. Together, we aim to enhance the insurance journey and empower its members to secure the protection they require for their homes.”
