However it has quickly established a reputation for innovation and quality of service across the industry, including among Chase Templeton’s advisers.
In 2016 the company was named Best Group Life provider at the health and protection industry’s Cover Excellence Awards, having the previous year collected the Best Service and Use of Technology titles.
Financial Adviser also presented Ellipse with a Life & Pensions 4 Star Service Award in 2016.
Ellipse entered the market determined to make doing group risk business “simpler, faster, easier” by fully embracing online technologies.
A good example of how this can benefit clients is the use of online Individual Assessment questionnaires. This means that when an individual receiving a scheme’s higher benefits – typically those holding key positions within a company – they can themselves quickly, and at their convenience, confirm cover.
The questionnaire is reflexive and so, as it progresses, the questions asked are specific to answers previously given.
Typically this process takes only around 10 minutes and the vast majority of applications are instantly accepted. The ease and speed of the process encourages senior scheme members to submit individual applications and ensure they have appropriate cover.
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