Advent Solutions Management, the start-up incubator and InsurTech investor, today announces the launch of Sparta, a portal-based provider of exclusive specialist ancillary products to brokers.
Sparta, a trading style of Advent Solutions Management Ltd, employs sophisticated technology that intuitively suggests related ancillary products based on broker input about their client. The customer-centric portal also displays a client’s previous insurance purchase history to further aid broker cross-selling.
Respected ancillary-market veterans Steve Bennett and Jim Hunter are the chief architects of the new proposition. Both have been instrumental in the success of previous broker and MGA ventures and have longstanding working relationships with many of the leading UK general insurance broker groups.
Research conducted by them revealed gaps in the ancillary market, which Sparta intends to fill with a wide range of products and several exclusive packages. It will initially provide motor-related ancillary products but further products and services are being developed as part of a comprehensive package of support for brokers.
David Hill, managing director, Advent Solutions Management, said: “I am very pleased to announce the launch of Sparta, which, with Advent’s backing and the expert leadership of Steve and Jim is a compelling proposition. Sparta aims to be a major support to brokers in building customer trust. Brokers are at their strongest when they bring more than product and price to the table. Sparta will sharpen the edge brokers have to help them win and renew more business.”
For further information please contact:
David Haggie / Richard Adams,
+44 20 7562 4444
About Advent Solutions Management
Founded in 2000, Advent is a leading provider of operational, logistical, regulatory and administrative services for underwriters and distributors of insurance products. In 2015, Advent Insurance Management Ltd. was launched and established a presence in further key international markets: US, Canada and Australia, providing its specialist claims division Advent Claims with access to over 85% of Lloyd’s coverholders. Advent Claims continues to expand its claims consultancy and TPA services in the UK and internationally, which alleviate regulatory and competitive pressures to allow delegated authority underwriting businesses to thrive.