Ellipse extends online reach to include flex

LONDON - July 24, 2013 - PRLog -- Ellipse’s CEO, John Ritchie commented: “This is a major step forward in broadening access to modern employee benefit programmes to employers of all sizes.    

“Clearly it is critical for the sponsor and adviser to ensure the infrastructure is in place to run the flex/voluntary scheme, which is why our new flex quotation production facility will be restricted to advisers using software that enables them and us to handle flex schemes with a good, fast and accurate service.”

To be able to use the service, advisers must have the suitable middleware – such as a benefits platform – to handle the administration of flex schemes.  The middleware must be capable of calculating premiums from an uploaded rate table, provide member data at least quarterly, be capable of providing an audit trail of each member’s selections and handle benefit window and lifestyle event adjustments.

“Where advisers are set up to do this, we invite them to contact us for more information.  We will be happy to switch on the flex part of our online service for them.  They will then be able to obtain online quotes for flex and voluntary group life schemes with up to 500 members or group critical illness ones for up to 300 members.”  

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Journalist enquiries:

·         Kay Phelps 07710 043244 / PRinHR, kay.phelps@PRinHR.co.uk  

·         Parm Evans 07501 462045 / PRinHR, parm.evans@PRinHR.co.uk

·         Peter Fenner, Communications Manager:  020 3003 6212 / peter.fenner@ellipse.co.uk

About Ellipse

Highly rated by advisers, the following percentages of those using Ellipse awarded 8/10 or better for:

·         Ease of use of online quote service – 76%

·         Quality of team’s service – 83%

·         Overall proposition – 75%

Ellipse is a specialist group risk insurer offering group life and critical illness protection, with group income protection cover. Headquartered in London and led by CEO, John Ritchie, Ellipse is the trading style of the UK branch of ERGO Lebensversicherung AG, part of the Munich Re Group.  It trades separately from Munich Re’s UK reinsurance businesses.

Registration number: BR010594.  Registered office: 15 Bermondsey Square, London SE1 3UN.  

ERGO Lebensversicherung Aktiengesellschaft is authorised by BaFin (the German regulator), registration number 1184 and is subject to limited regulation by the Financial Conduct Authority.  Details of the extent of our regulation by the Financial Conduct Authority are available upon request.