IIGL

What IIGL does

IIGL (Incorporated Insurance Group Limited) is a UK-based Managing General Agent founded in 2012 by Mike Smith, headquartered in Hornchurch, Essex with a registered office in Leeds. The company operates exclusively through a select panel of regional insurance brokers, providing high-hazard contractor and non-standard property insurance to SMEs in the construction industry. Its distribution model deliberately avoids national brokers, consolidators and direct channels, granting regional exclusivity to broker partners so they can market IIGL products without channel competition. The primary customer segments are UK regional insurance brokers (channel) and end insureds including roofers, scaffolders, groundworkers, steel fabricators, demolition contractors, electrical contractors, HVAC contractors, landlords and airside service providers.

The company's core product is Contractors All Incorporated (CAI), a unified contractor insurance package combining Public/Products Liability, Employers Liability, Contractors All Risks, Property, Professional Indemnity, Excess of Loss, D&O, Health & Safety and Legal Expenses. Supporting offerings include the Business Assist SME package (5 covers at £250 plus IPT), Non Standard Property Owners, Airside Liability, Personal Accident, and trade-specific sub-schemes for electrical, HVAC, roofing, scaffolding and builders. Distribution and policy administration are delivered through IIGLOO, the company's proprietary online broker trading platform developed with QuoteMac, which supports 24/7 quote-and-bind across multiple product lines with 96% of quotations issued within 2 hours and 99% of policy documents issued same day. The free Health & Safety Online Programme (accredited by RoSPA, CPD Standards Office and NVQ) is bundled with contracting risks.

Revenue is generated as MGA commission from A-rated capacity providers (UK composites and Lloyd's market) on premiums written through the broker network, supplemented by unit-priced Business Assist sales. The business has grown from inception to a £16m revenue scale by 2020, with stated growth exceeding 60% in recent years, driven by trade specialisation, same-day service levels, no-height/no-depth-limit policy wordings, and a unique ownership structure via Underwriters Incorporated LLP that allows all team members to share in profitability.

Name

IIGL

Legal name

Incorporated Insurance Group Limited

Website

https://iigl.co.uk

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

IIGL is a UK Managing General Agent founded in 2012 that underwrites insurance for SME construction contractors and non-standard property owners, distributing exclusively through regional insurance brokers via its proprietary IIGLOO online broking platform.

Ownership category

akta.pro rank

Product category

Specialty Insurance Underwriting

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industries

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD), Standalone Umbrella Liability (FSAJANAE), Commercial General Liability (CGL) (FSAJADAA)

Keywords

• Managing general agent
• Contractor insurance
• Commercial property insurance
• Broker underwriting platform
• Specialty liability insurance

Headquarters

HQ city

Hornchurch

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premium Revenue: IIGL acts as a Managing General Agent (MGA) earning commission from insurance capacity providers (A-rated insurers) on premiums written through their broker network. Commission is earned on Public/Products Liability, Employers Liability, Property, Contractors All Risks, and other insurance products.
2. Business Assist Add-on Product: Additional supplementary product sold alongside insurance policies including Directors & Officers, Commercial Legal Expenses, Business Emergency Assistance, Legal Document Library, and Health & Safety consultancy. Sold as bundled package for £250 + IPT for 5 products.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

IIGL operates as a Managing General Agent (MGA) underwriting specialist insurance products—primarily Contractors All Incorporated (CAI), property owners, business essentials and airside liability covers—and distributes them exclusively to a select panel of UK regional insurance brokers through its proprietary IIGLOO online quote-and-bind platform. It binds business on behalf of A-rated capacity providers (composites and Lloyd's) and earns commission on premiums written.

Product overview

IIGL operates as a Managing General Agent (MGA) specializing in contractors and property insurance, offering a platform of products primarily through its proprietary IIGLOO online broker portal. The core product is Contractors All Incorporated (CAI), a comprehensive policy covering Public/Products/Employers Liability, Contractors All Risks, Property, Professional Indemnity, and Health & Safety, available as a unified package or modular additions. Supporting products include Business Assist (D&O, Legal Expenses, Business Emergency, Legal Documents), Airside Liability for airport contractors, and Non Standard Property Owners coverage. The company also provides Health & Safety Online as a free add-on for contractors and Long Term Agreements for broker client retention. IIGL distributes exclusively through regional brokers using its IIGLOO platform built on QuoteMac technology.

Differentiator

Problem solved

Functional benefit

Brands

• IIGLOO: Incorporated Insurance Group Ltd Operations Online - the company's online broker trading platform for quote and bind services across Contractors All Incorporated (CAI), Property Owners, and Schemes products. IIGLOO is a registered trade mark.
• Underwriters Incorporated
• Contractors All Incorporated (CAI)

Products and services

• Contractors All Incorporated (CAI) Comprehensive contractors insurance policy combining Public/Products Liability, Employers Liability, Excess of Loss Liability, Contractors All Risks, Property Package, Professional Indemnity, Health & Safety, and Legal Expenses, designed for high-risk trades such as roofers, scaffolders, groundworkers, steel fabricators, cladding, demolition and HVAC contractors.
• Business Assist (Business Essentials) Package of five supplementary covers (Directors & Officers, Commercial Legal Expenses, Business Emergency Assistance, Online Legal Documents, and Health & Safety/Risk Management Consultancy) bundled for SMEs with turnover up to £3m.
• Airside Liability Cover Standalone liability insurance for contractors working in restricted airside airport areas, providing third-party property damage and bodily injury cover up to £100m through a UK AA-rated insurer.
• Non Standard Property Owners Property insurance for landlords and property owners covering non-standard, unoccupied, multi-tenure, high-risk tenant and high-risk postcode residential and commercial properties, with cover for buildings, contents, loss of rent, and property owners liability up to £10m.
• Commercial Property Owners Insurance coverage for commercial property owners including buildings, landlord contents, loss of rent and property owners liability.
• Residential Property Owners Insurance for residential landlords and property owners covering let properties, unoccupied properties and non-standard construction residential properties.
• Land Owners Insurance Insurance cover for land owners including development sites, grazing land and woodland.
• Health & Safety Online Programme Web-based health and safety platform accredited by RoSPA, CPD Standards Office and NVQ, providing risk assessments, disaster recovery plans, driver assessments and document cloud storage, provided free to contracting clients.
• IIGLOO Broker System Proprietary online broker operations platform (Incorporated Insurance Group Ltd Operations Online) that enables appointed brokers to quote, bind and manage IIGL insurance policies across contractors, property and schemes lines 24/7.
• Long Term Agreements (LTA) Three-year pricing agreement offering stable multi-year insurance solutions with a 10% discount, improved renewal retention and reduced administration for brokers and clients.
• Electrical Contractors Scheme Specialist liability insurance for electrical contractors covering commercial and residential work, 1st and 2nd fit-outs, emergency power work, and fire/alarm systems installation.
• HVAC Contractors Scheme Insurance scheme for heating, ventilation and air conditioning contractors.
• Roofing Contractors Scheme Specialist insurance for roofing contractors with no height limit restrictions for well-managed risks.
• Scaffolding Contractors Scheme Insurance for scaffolding contractors covering erection and dismantling operations.
• Builders Contractors Scheme Insurance for building contractors covering various construction trades and operations.
• Personal Accident (part of CAI) Personal accident insurance covering accidental death, total or permanent disability, loss of body parts, funeral expenses and lost earnings for self-employed tradesmen, added to the CAI suite.
• Exclusive Groundworkers Scheme Exclusive groundworks contractor scheme under the Contractors All Incorporated product with A-rated capacity for groundworkers and related trades.
• Contractors All Risks (CAR) Scheme Contractors All Risks scheme covering construction works, own tools and employees' tools, available within the CAI product or as a standalone facility.

Quantifiable outcome

• 96% of Quotations issued within 2 hours of receiving complete risk information
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• QuoteMaccoreTechnology or IntegrationTechnology partnership for online broking operational system. IIGL worked closely with QuoteMac to create their IIGLOO platform and 14 online insurance products. QuoteMac is described as a leading online solution provider that has been operating for a number of years.
• A-rated Insurers (Capacity Providers)coreOthersIIGL has binding authorities from multiple 'A' rated UK-based insurers including Lloyd's market insurers. Two capacity providers provide approximately 60% of the £10m capacity deal. Includes AA-rated insurers for Airside Liability. Backed by composites and Lloyd's for contractor and property risks.
• Underwriters Incorporated (LLP)coreStrategic or Co-development PartnerLimited Liability Partnership structure enabling underwriters to become partners and share in profits. Created to reward best talent in the industry. Allows underwriters to flourish with product delivery, leading edge technology and quality in-house support. All team members share in profits.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Bollington Insurance: UK broker-led commercial insurer/MGA with strong regional broker relationships and specialty commercial products. Comparable in distribution philosophy (regional broker partnership) and appetite for non-standard commercial risks.
• Caunce O'Hara: UK specialist MGA providing tailored insurance to contractors and tradesmen, including public/employers liability and tools cover. Closely comparable to IIGL's Contractors All Incorporated product in customer base, distribution model and high-hazard niche.
• Tradex Insurance: UK MGA focused on contractor and tradesman insurance distributed through a broker panel. Mirrors IIGL's MGA structure, contractor niche and broker-led GTM motion.
• Buildsafe UK: Construction-industry specialist insurance provider offering contractor liability, tools and site cover. Direct competitor in IIGL's core vertical of high-hazard construction trades.
• Pen Underwriting: Large UK MGA with binding authority from multiple A-rated carriers distributing through regional brokers. Comparable MGA economics and multi-product, multi-vertical offering, though materially larger and more diversified than IIGL.
• Nexus Underwriting: UK specialty MGA providing niche commercial lines through broker networks. Comparable MGA model with multi-carrier capacity and a focus on hard-to-place commercial risks similar to IIGL's contractor and non-standard property book.

Broad incumbents

• Hiscox UK: Established Lloyd's-led specialty insurer operating in the UK small-commercial and high-hazard contractor space. Wider portfolio and bigger balance sheet than IIGL, but overlaps significantly in contractor liability and broker distribution.
• Covéa Insurance: UK general insurer providing property and liability cover to commercial and contractor customers via brokers. Overlaps with IIGL on contractor and property owner lines but at much greater scale and breadth.

Emerging players

• Simply Business: UK digital broker platform focused on small commercial and trades insurance. Comparable customer base of SME contractors, with a contrasting direct/aggregator GTM versus IIGL's broker-only model.

Others

• QuoteMac: Technology vendor that built and operates the IIGLOO broker platform for IIGL. Not a competitor but a strategic partner whose platform is central to IIGL's quote-and-bind and same-day service model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/iigl4
• Facebookfacebook.com/pages/Incorporated-Insurance-Group-Limited/159336324216955
• LinkedInlinkedin.com/company/incorporated-insurance-group-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IIGL