E-Trading
AA Insurance Services switches to CDL from inhouse legacy system
AA Insurance Services has gone live on CDL Strata, kicking of a phased programme to migrate about two million car and home policies, Insurance Age can reveal.
Acturis grows revenue and R&D spend in 2022
Acturis has reported an 8.4% rise in revenue for 2022 to £121.33m as it continued to gain market share, adding new brokers and insurers.
CDL grew turnover in 2022, but profit slipped as R&D boosted
CDL has reported a 3.56% rise in turnover to £55.68m for the year ended 30 September 2022.
Watch the UK Broker Awards 2023 shortlist video now
All the entries have been reviewed and judged, and today Insurance Age can reveal the great firms that have made the 2023 UK Broker Awards shortlist.
Brokers waiting on insurers and tech vendors to demonstrate value of AI and ChatGPT
Brokers are unlikely to actively embrace artificial intelligence and explore the potential of ChatGPT until insurers and technology vendors have demonstrated their value, and none need fear that they will replace them in giving advice.
In Depth: How broker networks are embracing data and new technology
There have been a glut of recent data and technology solutions launched into the network space. Martin Friel explores how important these developments are when it comes to attracting new members.
Soaring property owners’ premiums hit record high
Property owners’ premiums rose by 9.3%, according to recent figures for the first quarter of 2023 from Acturis, which will be published by Insurance Age on Monday 12 June.
Clegg Gifford launches digital platform to give brokers access to Lloyd’s capacity
Clegg Gifford has partnered with digital agency MagiClick UK with the ambition of giving UK high street brokers “improved accessibility [to] Lloyd's capacity” through new e-trading platform Six.
Cobra CEO Tedstone aims to hit £1bn by 2025
The boss of broking network Cobra has said that it has identified a pipeline of 700 potential ‘unicorns’ as it seeks new members to meet its target of £1bn of premium by the end of 2025.
ERS and Acturis team up on full-cycle API car product for brokers
Acturis and specialist motor insurer ERS have launched an API based car insurance product for brokers on the software provider’s platform which replaces legacy EDI messaging.
Verisk targets brokers and MGAs with Morning Data buy
Global data analytics and technology provider Verisk has bought Morning Data, a supplier of software to brokers and managing general agents in London and across the world.
Blog: How email addresses can help the crackdown on ghost broking
Brokers have an important weapon in the fight against application fraud – the humble email address – as LexisNexis Risk Solutions director Louise Johnson explains.
Hear from WTW, Gallagher, Movo, Brokerbility and Applied at the next Broker Breakfast session
The next Insurance Age Broker Breakfast will take place on Wednesday 14 June in Bristol.
Applied approaching 100 Epic milestone
Applied Systems has 72 brokers live on Epic in the UK and is onboarding another 30 customers that have already been won, which will take the total to more than 100 by the end of the year, Europe CEO Tom Needs confirmed to Insurance Age.
Applied Systems adds Arch, Ark and Iprism in commercial push
Applied Systems Europe will be adding Arch Insurance, Ark Insurance and Iprism Underwriting to its commercial lines panel, with Epic users able to quote and bind directly with the providers later this year, the software house has confirmed.
UK Broker Awards open for entries – get yours in now
The 2023 UK Broker Awards returns this year at a new venue during a new month.
RSA posts £65m profit for 2022
RSA has reported a pre-tax profit of £65m for 2022 swinging back from a loss in 2021.
Ex-Applied Systems leader Joe Sultana joins digital schemes firm IS2
Joe Sultana, former chief operating officer at Applied Systems Europe, has joined digital trading and distribution platform for the schemes market IS2 as commercial director.
Turnover down but profit up at Open GI for 2022
Open GI has posted a fall in revenue for the third year in a row in its results for the year ended 31 May 2022.
Polaris’s imarket hits new high with £322m premium in 2022
The number of policies traded on imarket, which connects broker software platforms to insurer systems for the placement of commercial lines, hit a record 497,883 in 2022, Polaris has revealed.
Hiscox launches broker extranet
Hiscox has launched a broker extranet claiming it is the first full cycle digital trading extranet built by an insurer that supports integration into brokers’ Acturis back office.
Ransomware-hit SSP under broker fire amid latest issues
SSP has been told it must improve service after the latest attack caused Axa to cut off its personal lines to brokers
Axa resumes SSP broker service after cutting off cyber-hit software house
Axa has resumed services with SSP having cut off services to the cyber-hit software house as a precautionary measure
Brokers say SSP ransomware attack not disrupting their systems
SSP has been hit by a cyber security breach from the Lockbit ransomware group, but brokers say their systems are unaffected.