Cooper Rose Digital, is excited to share its latest InsurTech news and origin story with one of its clients Peliwica Insurance, UK MGA and Lloyds of London coverholder.
Peliwica Insurance was launched in late 2018 and has seen significant, and continued growth. As Peliwica has grown it needed to make sure it had a more agile and innovative system in place to support its digital ambitions.
Having to deal with the challenge of national lockdowns, travel restrictions and limited face to face contact, Peliwica Insurance’s digital requirements were wide and demanding. In today’s modern insurance market there are multiple features which are vital for any insurance system which supports full delegated authority, like Peliwica. With broker distribution, customer convenience, automation, operational efficiency as well as control and oversight being critical requirements, Peliwica needed a full end to end solution.
Whilst getting the right technology in place is critical, Peliwica Insurance also wanted to secure the very best design and delivery approach and appointed Sandpiper Consulting to do this. Sandpiper Consulting was engaged to bring a very modern and agile approach to this digital programme, with their expert business led approach and digitisation experience, it enabled Peliwica to achieve and realise its digital business goals.
With a fast-paced Discovery-Design-Delivery methodology in place, Peliwica Insurance’s full stack, MGA digital platform was delivered within just three months. Their solution includes features such as; full cycle broker dynamic quote journey, direct to consumer journey, manual and automated underwriting, policy binding and management, automated bordereaux, digital and dynamic documents, product rating and management, user management & role-based permissions, as well as a full suite of MI.
Since launching its new digital platform, Peliwica Insurance has received very positive feedback from its Brokers and capacity partners. They have seen an uplift in new business conversions and have been able to launch new products and develop new features continuously.
Cooper-Rose Digital has been able to provide Peliwica Insurance with a modern and agile digital MGA platform that meets their immediate and future needs. Because their MGA insurance system is now agile and fully API driven, combined with a dynamic architecture, it has allowed Peliwica the ability to move and adapt to market changes/opportunities at a rapid pace.
With many exciting announcements, partnerships and new product launches to be announced over the coming months, Cooper Rose Digital are confident that their platform delivers a comprehensive solution for growing MGAs. Please visit our website and request a demo to find out what we could do for your insurance Business.