Presentacion generica de Unitypay

1. UnityPay is
our dedicated
product for
Underwriters

2. IN the market.
The Teams:
Principal Finance The UNDERWRITER
BROKERS Consumers
P
F
U/
W
B C
We have spent 28 years learning to
make these teams work together

3. Overview
U/
W
• UnityPay is not a loan and so does not require
a credit check
• UnityPay increases retention by 7%
• Principal Finance have been providing this
service efficiently for 28 years
• White labelled - our entire product can be
branded as the U/W’s, even the bank
statements
• Systems - we integrate with how you do

4. IN the market.
Moments of truth:
We know that there are some key moments that define the
policy holders perception of their insurance company.
2important ones are payments and the moment of
purchase.
If we can make those as easy and as painless as possible

6. The UNDERWRITER has to spend a lot to acquire each customer, so
much that they do not move into profit until Y2 on 60% of policies.
Open market competition - How do you differentiate and compete
without entering a cycle of discounting?
Improving retention is key to long term growth of GWP.
Principal sees a new opportunity in the
market
Challenges facing an
UNDERWRITER.U/W

8. Integration with Underwriting
software
● Our service is usually plug and play with your
own systems as we use a simple xml format
to exchange data.
● No ongoing integration costs or delays
● Immediate and stable start-up

9. Paperwork
We believe that the process
should be painless:
● All forms can be completed
online.
● Payments rollover automatically.

10. Cancelled policies
● Principal works hard to make sure that defaulted
payments do not become cancelled policies using
techniques that we have developed over 28 years in
business.
● In the event of a genuine cancellation and after the
agreed upon period ( typically 28 days from start to
finish), Principal will notify the U/W that no further
payments have been received at which point the U/W
should cancel coverage and calculate any rebates due

11. Release of funds
As long as approval is received by
3pm Adelaide time funds will be in
your account the same day

12. HAPPY CUSTOMERS
87% of those
who pay
monthly RENEW
THEIR POLICY
the following
year
An increase

13. U/W...
Wins more customers.
Keeps more customers.
Increases Cash flow

14. That means no chasing payments and 3 months
more return on your investments
UP front
payment
of the full
premium
NO MORE

15. Summary
U/W
• NO financials required
• Increased retention by 7%
• Principal Finance have been providing this
service efficiently for 28 years
• U/W branded
• Quoting system- Seamless integration

16. IN THE FUTURE YOU
NEED..
Better retention
Simpler processes
Happier customers
Less costs

17. THE FUTURE IS