Arkel has announced the integration of its insurance product, Premier Let, with the OpenGI trading platform, marking a significant expansion of its distribution network.
- The Premier Let product encompasses comprehensive coverage including building insurance, loss of income, contents, and liability up to £2 million.
- This move offers brokers an agile solution for non-standard risks, supported by A-rated capacity for challenging environments like atypical constructions.
- Backed by e-Zee Insurance Solutions, the integration aims to streamline complex insurance processes, enhancing broker efficiency.
- Arkel plans to further extend its product availability through additional distribution partners by year’s end.
Arkel has integrated its Premier Let property insurance into the OpenGI trading platform, a strategic move to widen its distribution scope. This integration enables OpenGI brokers easy access to Arkel’s Premier Let, facilitating a broader reach in the market. Arkel’s existing non-standard household product, Adapt, was already available on the platform, setting a precedent for this new integration.
The Premier Let insurance offers a robust package, covering building insurance, loss of income, contents, and property owners’ liability up to a substantial £2 million. This comprehensive coverage is particularly designed to cater to non-standard and difficult-to-place risks, such as properties with atypical constructions, varying occupancy types, and susceptibilities to flood and subsidence.
Supported by e-Zee Insurance Solutions, this integration aims to simplify the complexities associated with specialist insurance products. By hosting the product on both bespoke platforms and Applied Systems, Arkel is setting the stage for smoother broker operations, making it easier for them to quote and secure market-leading Let Property insurance products efficiently.
Kris Lee, Arkel’s chief underwriting officer, expressed excitement over the partnership with OpenGI, emphasising the company’s mission to demystify specialist insurance. He highlighted that this integration is part of a broader strategy to retain Arkel’s reputation as a preferred choice by offering brokers streamlined processes for product quote and binding.
Simon Macray, from OGI, noted that the addition of Arkel’s Premier Let enhances the variety and flexibility available to brokers on their platforms. He stressed that the ultimate aim is to empower brokers to handle more transactions efficiently, thereby improving the quality of business and the overall insurance experience for users.
Arkel’s integration with OpenGI marks a strategic enhancement of its distribution capabilities, promising further expansions and efficiencies in the insurance sector.
