Specialist insurer Ecclesiastical has partnered with iprism to introduce a digital platform aimed at providing cover for smaller not-for-profit organisations in the charity, education, and faith sectors.
The platform leverages Ecclesiastical’s existing collaboration with the managing general agent (MGA), simplifying market access and enabling brokers to reach their clients directly. It also provides Ecclesiastical with access to iprism’s extended distribution network, which includes smaller not-for-profit organisations.
One key feature of this platform is an e-trading system that streamlines the quoting process for brokers, providing them with a more convenient way to generate quotes for customers. Brokers can input customer information directly into the platform, which will then automatically generate a premium quote and produce the relevant policy documents.
“Ecclesiastical is an important partner for iprism so I’m delighted that we’ve been able to work together to deliver this new platform,” said Ian Lloyd, the MGA’s CEO. “It brings together our technical expertise in e-trading with their products to offer more choice, more convenience and greater accessibility for brokers.”
An emailed news release from Ecclesiastical said it has already transitioned all existing non-profit customers to the new platform.
“It gives our regional teams additional capacity to focus on growing our business in niche areas while maintaining our position as an insurer that supports local communities through our products and charitable giving,” said Chris Withers, schemes and facilities director at Ecclesiastical Insurance.
Withers also commented on Ecclesiastical’s relationship with iprism and said the team had been “impressed with their digital capability.”
“By bringing this new digital solution to the market, we’ll be able to grow our business and offer a high-quality service to even more customers,” he added.
Earlier this week, Ecclesiastical released the results of its annual Broker Wellbeing Survey. The charity-owned insurer revealed that stress levels among brokers have risen for the fifth consecutive year, with 79% of those surveyed saying that they experienced stress at work in the past 12 months.
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