Leamington Spa-based Focus Solutions has launched a new service to speed up the creation of electronic new business applications or PACs for life insurance companies.
The Fast Track PAC Design & Build Service will aim to deliver PACs within 30 days, says the company.
According to Focus, twenty-seven insurance products are already available electronically. The vendor believes that with 37 product providers in the market, and with 629 registered products, the potential for electronic transactions is still under exploited.
John Streets, CEO of Focus Solutions Group plc, comments: "Our strong base of knowledge and expertise in building electronic new business applications for our insurance customers can now be leveraged to provide this rapid and cost-effective service for a much larger group of providers."