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Iprism

Investment February 2014

SectorFinancial Services

Business Insurance Broking

Growth StrategyProduct and Service Development

Why we invested

Online distribution and execution of insurance policies is growing strongly, delivering benefits to both brokers and insurers. iprism has a strong position in the market, based on its unique platform, in-house broker support service and customised underwriting capabilities. This was an opportunity to back a compelling organic growth strategy, focused on increasing broker penetration and new product development.

Brokers on platform

1,300

The story so far

Since our investment, iprism has expanded its insurer panel, added new capacity and launched a Commercial Combined product on its trading platform. It has developed its broker engagement strategy and is offering a broader suite of SME and high-net-worth insurance products to customers.

Bowmark is a supportive, engaged and committed investor whose contribution is highly valued by management. Ian Lloyd,Managing Director

Read more about our Financial Services strategy

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