Policy Master and its new media subsidiary Mediamaker have launched Interschemes, a quotation and schemes management software designed to support the online sale of niche insurance products.

Interschemes offers a dedicated system that can exist independently of other in-house systems and it can be expanded and updated to accommodate business needs.

The product can be provided as a software-only package to run on an existing web-hosting facility or the operating environment can be hosted and managed by Mediamaker on an application service provider basis.

Customers accessing a site which uses Interschemes will be taken through a set of questions tailored to the product and then given a quotation. Premiums can be paid online using a credit card.

Wedding insurance cover is already being sold using the system.