E-Trading
MGAs can’t afford to not offer digitally traded products – Keating
Launching digitally traded products “has to be the way forward” for managing general agents to meet demand from brokers, according to trade body boss Mike Keating.
Aviva cuts e-trade turnaround times as digital appetite grows
More than three quarters of Aviva’s SME new business referrals placed digitally are now turned around within 60 minutes, compared with just over a third at the start of the year.
News analysis: Cost the main barrier to MGAs digitally trading
Cost is the number one barrier to managing general agents offering more digitally traded products, which is a vital route for firms going forward.
Allianz promises brokers more saying ‘yes’ with digital SME refresh
Allianz UK has made a “step change” in how brokers can trade with it, broadening risk appetite, removing unnecessary referral points and strengthening underwriting support to make it faster and easier to place SME business digitally, according to Eibhlin…
Broker boss concerned about MGAs priortising profit commission over claims
Concerns have been raised that some managing general agents might choose to protect profit commission over paying or even discussing ‘grey area’ claims in the present soft market.
Aviva builds out in contractors combined with digital launch
Aviva has launched a digitally traded contractors combined proposition, starting on Acturis with Fast Trade to follow, claiming it is plugging a gap in an underserved part of the market.
New MGA claims travel insurance ‘first’ for broker market
Managing general agent Etc. Insurance has launched using Open GI’s technology with the pair claiming the offering brings “fully integrated travel insurance to the UK broker market for the first time”.
Allianz Commercial CDO Ktenidis targets e-trade growth in Northern Ireland and sub-£10,000 risks
Allianz UK Commercial is seeking to grab its share of a £2bn opportunity by converting manually traded sub-£10,000 premium risks to digital.
Brit begins rollout on Acturis as it targets SMEs
Brit Insurance has launched on Acturis as it targets SMEs with cyber cover.
One Call launches new digital insurance brand Zen
Top 100 broker One Call has launched a new brand that is claimed to offer a “no-touch, fully digital customer experience”.
SSP gears up for purchasing drive after restructure
SSP’s Martyn Mathews has been tasked with spending money on M&A, as the software provider has restructured with Mathews leading its UK and Ireland business.
Bspoke seeks more broker growth with quote-and-buy portal roll out
Bspoke Group has rolled out quote-and-buy portal Bspoke Online, stressing it has been developed specifically for brokers to simplify and speed up trading and policy management.
Hiscox bolsters HNW digital trading with new portal
Hiscox has revealed that a full‑cycle digital portal for its high net worth home insurance proposition is now live.
Aviva refreshes PI cover offering brokers flexibility
Aviva has refreshed its digitally traded professional indemnity product as it launches the proposition on Fast Trade and Acturis.
Aviva to complete commercial combined overhaul with final module launch
Aviva is poised to complete the overhaul of its digital commercial combined insurance proposition, with the launch of its final standalone module, money insurance, available from May.
News analysis: Will NCDs for fleets catch on, and what does the future hold for the CV sector?
Last year, Zurich Insurance announced it was enhancing its SME e-trade fleet offering by accepting no claims discount (NCD) claims history in response to broker demand. Saxon East examines the ramifications of this move – and explores other dynamics…
Polaris MD Banga on growth with MGAs, AI and initiatives to expand digital trading
“There had been this perception that imarket is only for insurers. It’s great to see four MGAs now actively trading on it,” Polaris managing director Vivek Banga has told Insurance Age.
imarket adds another MGA to portfolio
Industry-owned imarket has pushed further into the managing general agent sector with Chapman and Stacey Underwriting launching a liability product onto Open GI’s platform via its service.
Aviva enhances Minifleet on Fast Trade to cover more vehicles
Aviva has enhanced its Minifleet proposition to allow brokers to place up to 20 vehicles at new business on its proprietary Fast Trade platform.
Survey: Rebuilding trust in commercial combined
Commercial combined etrade was meant to simplify placement. Instead, brokers say rigid systems, slow referrals and automated declines are making one of the market’s most important products harder to trade. Martin Friel reports
Commercial transformation boss Flynn to leave Intact UK
Intact UK’s commercial lines chief transformation director Rob Flynn is set to become the latest senior figure to leave the business in the wake of integration with NIG, Insurance Age has learned.