Synaptic Software has developed an instant quote tool for the insurance market, to enable advisers and their clients to get a quote within minutes.
Adam Byford, managing director of Synaptic Software, said the Cover Me Now tool had been designed to take the time and expense out of chasing providers for insurance quotes.
Citing the speed at which technological change is driving the financial services market, Mr Byford said the Cover Me Now tool aims to make the quote generation process "as slick as possible" for intermediaries and their clients.
Cover Me Now asks 20 standard 'yes/no' medical questions, which if the applicant can answer no to all of them, they will be given a guaranteed term assurance quote (level or decreasing).
"We have been working with reinsurers and underwriters on the wording and we expect 70 per cent of all users to qualify for a guaranteed premium", Mr Byford said.
"They are given a guaranteed premium there and then, so they do not need to go through another 100 or so more questions with a range of providers to get different quotes, and they still have their usual cooling off period if they change their mind."
Cover Me Now - which is set to launch on 31 March - currently only has one guaranteed quote from Covea, but all other quotes from all providers are visible. The aim is to get more guaranteed quotes available as soon as possible after launch when it is rolled out widely.
Over the coming months, Synaptic Software aims to add upgrades to enable intermediaries and their clients to get critical illness quotes, which will possibly be live by the second half of 2017.
Income protection would also be a possible future upgrade, but there is currently "no date for this", Mr Byford added.
The tool is being trialled with The Right Mortgage & Protection Network, to see how intermediaries are able to use this when advising on a mortgage or protection needs.
Martin Wilson, chief executive of The Right Mortgage & Protection Network, said: "We are absolutely delighted to offer Cover Me Now exclusively to our advisers.
"It gives them another valuable tool, enabling them to get their clients covered quickly and easily and fits well within the mortgage market."
According to Ben Mercer, head of relationship management for Covéa Life: "This new partnership further cements our growth in this market and allows us to bring a uniquely flexible approach to both the product and the distribution chain.
"Our primary purpose is to try and address the significant protection gap that exists with individuals in the UK and are confident this offering - with its fast and straightforward process - will help achieve this."