Group risk quotes will be generated automatically from auto-enrolment data under a new tie-up between Ellipse and employee benefit consultants Johnson Fleming announced today. The digital collaboration, aimed at the SME segment sees quotes for group life, group critical illness and Ellipse’s group income protection product Sick Pay Complete generated automatically based on the auto-enrolment data held by Johnson Fleming.
The launch follows a joint systems development project between the two organisations.
Quotes are client specific, based on their membership data and industry type, with two benefit variations generated for each product. By linking systems, quotes are automatically generated with no manual input required from Johnson Fleming’s advice team.
The quoting system is now live and in use for all SME clients signing up to Johnson Fleming’s auto-enrolment services. A range of 3 solutions is available, each designed to fit a client’s business, budget and time constraints, while reducing the risk of non-compliance.
Ellipse CEO John Ritchie says: “Auto-enrolment presents opportunities and challenges for advisers. While the thousands of small employers being introduced to workplace benefits for the first time present obvious opportunities, digital processes are essential for advisers to cost-effectively service this segment. We know that many employers overestimate the cost of group risk cover, so being able to provide accurate, competitive quotes specific to each employer allows us to demonstrate the value and increase the likelihood of take-up.
Johnson Fleming consultancy director Iain Chadwick: “The automation that we’ve achieved with Ellipse is really important to Johnson Fleming, as it allows us to focus on providing cost effective protection and benefits service at excellent value to our clients. By taking cost out of this stage of arranging benefits we can still provide great support and service to smaller businesses not currently served by the market.”