iprism launches new e-trade excess of loss solution for brokers

London-based iprism, a technology-driven specialist wholesale underwriting agency, has launched a new excess of loss solution, citing demand from brokers for an e-traded solution.

The new product covers a wide range of business sectors, including wholesalers, manufacturers and construction.

It will be available to brokers online via the MGA’s bespoke portal, allowing instant quote and bind cover for their SME clients, with excess layers of up to £5,000,000 across public liability and public/products liability on either an annual or short-term basis.

iprism’s managing director Ian Lloyd said: “We are committed to working with our brokers to develop innovative solutions that meet the needs of them and their clients. Finding and securing XoL cover is typically a very manual process, but our new product can be traded quickly and easily online via our broker portal. With the launch of this new product we hope to become the go-to place for excess of loss in the SME space.”

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