PRESS RELEASE
Incorporated Insurance Group
IIGLOO – THE NEW HOME FOR THE COOLEST BROKERS
Incorporated Insurance Group (IIGL) have this month released Broker access to their new IIGLOO system (Incorporated Insurance Group Ltd Operations Online) which they believe will change the way Brokers place their Contractors business.
The system allows brokers to Quote and Bind business across a range of Packages, Property Owners and Schemes however, they believe their Contractors All Incorporated (CAI) product will lead the market in the breadth of the products available to the broker’s Contracting clients.
Mike Smith, CEO of IIGL, outlined the need for the new facility ‘The way the market currently arranges Contractors Insurance can be a tortuous process for brokers. Unlike most other commercial insurances where trades like manufacturing, hotels and retailers have their cover packaged together so the broker can select one insurer to provide a comprehensive package of products. For Contractors, this isn’t widely available in the market therefore brokers are forced to obtain the cover from several different insurers and these are often subject to the minimum premiums per policy.’
The liability market for Contractors has been through turbulent times of late. With Gable and RSA withdrawing valuable capacity from High Risk Trades and the Ogden Table changes also generating increases of over 25% from some insurers, Contractors Liability has become very hard for brokers to place.
Lyndsey Thompson, Head of Operations for IIGL, continues ‘We have been working closely with our developers for two years to launch CAI. We believe that their new IIGLOO system will revolutionise the way in which brokers place Contractors Insurance. Not only will they be able to choose from Turnover & Wageroll as well as Per Capita based liability but they can also add to the policy additional covers like Excess Liability, Contractors All Risks, Property, PI, D&O, Health & Safety, Debt Recover and Legal Expenses therefore allowing them have one competitively priced policy covering all the Contractors Insurance. With contract certain quotations and policy documentation available on the same day’.
‘Our philosophy has always been to support our regional brokers through our unique insurance solutions’ Mike concludes ‘but the launch of IIGLOO is a really exciting innovation as it not only makes our brokers job easier but also gives them a real edge against their competitors enabling them to win and retain business.’
Brokers with books of business are requested to call IIGL today on 0333 577 0477 for further information.
About Incorporated Insurance Group Ltd
Incorporated Insurance Group are a traditional MGA based in Essex and are part owned by the employees ensuring all members of the team are focused on delivering a top-quality service to our regional broker partners.
The team’s extensive technical knowledge and many years’ experience in UK insurance market has enabled them to obtain highly competitive binding authorities from well established ‘A’ rated insurers. They deal exclusively with the needs of brokers and give them the support to survive and build their businesses in an ever-increasing competitive insurance market.
They operate an ‘open house’ policy with their in-house underwriters and other key individuals including senior managers and executives, each of whom have the power to make instant decisions thus enabling their broker relationships to grow and strengthen.
Although IIGL is a dynamic technology enabled company, they will never step away from having an old fashioned flexible underwriting approach towards business. Whether dealing with brokers online or face to face, they believe traditional business ethics should always come first.
