Data hub launch discloses new pricing detail to non-direct market

technology vortex

Coversure and Fortis are among those that have committed to using a new data hub that aims to allow brokers to compete on a level playing field with direct writers.

Insurance Initiatives, which was set up by three ex-Experian employees Peter Lacey, Mark Crane and Simon James, has signed up four insurers and three brokers to use its IQ system, which offers consumer, vehicle and claims data in a single enquiry.

The company has also announced the appointment of ex SSP employee Mark Woronowski and Lawrence Caley, formerly of Aviva.

Mr Lacey, sales director of Insurance Initiatives, said: "The information that Experian would host, that would normally be consumer

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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