OPAL IS launches new protection platform for life insurers and banks

Fintech solutions developer OPAL IS, part of OPAL Group, has unveiled its new protection platform, Pandora Launch. It gives life insurers, banks and other providers rapid access to digital distribution at scale.

In December 2019 M&S Bank became the newest protection product provider to be migrated onto Pandora Launch, which can rapidly be configured to support a broad range of protection and investment products, offering a speedy build time.

Pandora Launch allows providers to distribute their products using a fully digital ecosystem that manages the key aspect of the sales and administration process. The products can be distributed across a range of digital channels including intermediary CRMs, aggregators and price comparison sites and D2C channels.

Pandora Launch is used by a number of clients including HSBC, Aviva and Lloyds Banking Group and was developed from the existing OPAL IS platform.

Eoin Lyons, OPAL Group CEO, said: “Pandora Launch gives a full cycle digital protection journey connected to the full protection digital distribution and rules ecosystem. Protection platforms need to be smooth, fast and seamless offering an uninterrupted journey while either complementing or replacing legacy systems without disruption. We believe Pandora Launch is the best example yet of a platform that can offer protection providers the ability to distribute their products at this scale with digital integration and sector-leading speed to market.”