In-depth: The online outlook
As far as e-trading is concerned, where personal lines has led, commercial is now on the way, writes Andrew Pearce
In 2011, Peter Cullum warned brokers that if they failed to switch on to e-trading, then more technologically savvy outfits would “eat their breakfast before they got up in the morning”. It is a warning, along with plenty of others, that brokers appear to have heeded.
Datamonitor statistics compiled for 2012 found that 51.2% of brokers use a marketplace portal to transact commercial business while 48.8% place trade through insurer extranet sites.
While personal lines has always been viewed as
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Pen inks £150m social housing capacity deal with SiriusPoint