Claims to compare rates in under two minutes

Iprism unveiled its SME comparative quote facility for UK brokers at the BIBA Conference in London today.

Iprism said the product would compare rates from more than 10 leading insurers and produce a quote for standard commercial risks in less than two minutes.

Commenting on the launch, iprism chief executive Gary Burke, commented: “Brokers need to obtain quotes for their clients fast and issue documentation instantaneously if they’re going to maintain profitability and increase their customer base. iprism will enable them to do just that with zero investment: we don’t charge administration or transaction fees and we’ll pay brokers similar levels of commission to the ones they receive from their current markets.