Clegg Gifford, a renowned Lloyd's insurance broker in the UK, boasts a rich heritage in the motor trade dating back to its establishment in 1968. With a national clientele and a reputation for excellence, Clegg Gifford has been a client of MagiClick since 2008. Over the years, MagiClick has provided the company with several core platforms, powering their digital offerings.
Recognising the need for digital innovation in the insurance industry, Clegg Gifford partnered with MagiClick to conceive, develop, and launch a ground breaking digital platform called 'Six.' This next-generation platform aimed to revolutionise the Lloyd's market by enabling efficient, direct, and seamless online access to Lloyd's capacity for Commercial Property and Liability risks. The challenge was to build a full-service digital commercial insurance platform that would streamline the Underwriting/Broking process, from initial inquiry to binder, while offering a range of key benefits.
MagiClick delivered an innovative new digital self-service for Clegg Gifford which is unique in the market. The 'Six' platform introduced several key features and functionalities that transformed the insurance experience for brokers, SMEs, and capacity providers alike.
Instant Quotes and Rapid Binding
By leveraging cutting-edge technology, MagiClick enabled brokers to generate instant quotes, significantly reducing the time required to bind policies.
This breakthrough feature streamlined the process, allowing brokers to respond swiftly to client queries and deliver prompt insurance solutions.
Enhanced Accessibility
MagiClick's solution ensured that Lloyd's capacity became directly accessible to businesses on the UK high street. Through the 'Six' platform,
SMEs gained unprecedented convenience and flexibility, empowering them to obtain Commercial Property and Liability insurance coverage with ease.
Expanded Market Reach
The integration of Lloyd's capacity for Commercial Property and Liability risks onto the 'Six' platform opened up new opportunities for SMEs.
With broader market access, businesses could secure comprehensive insurance solutions tailored to their unique needs, empowering them to
protect their assets effectively.
Efficiency and Cost Savings
MagiClick's platform facilitated improved distribution, resulting in reduced Coverholder commission.
This increased efficiency translated into better value for direct customers and enhanced economic attractiveness
for capacity providers. The streamlined processes enabled cost savings, benefiting both insurers and policyholders.
MagiClick's innovative solution positioned Clegg Gifford as a leader in digital insurance services, reinforcing their reputation for excellence and innovation within the industry.
You can read more about the project in the Insurance Times.