E-Trading
CDL grows revenue but profits slip below £10m in 2024
CDL has posted a third consecutive year of falling profits after tax, with the figure standing at £9.36m in 2024.
Arkel rolls out landlords product on Acturis
Managing general agent Arkel has added its landlords let property insurance ‘Premier Let’ to Acturis meaning it now has products on every software house.
Folgate ramps up e-trade limit for landlords products
Folgate Underwriting has extended its landlords Acturis and extranet e-trade products to plug the e-trade gap with sums insured up to £20m.
Aviva launches Accept Quote functionality in mid-market push
Aviva has launched its Accept Quote functionality with brokers now able to accept regionally traded mid-market new business quotes and hold cover at the touch of a button.
Insurers and MGAs line up to support brokers amid Applied Epic exit
Insurer and managing general agent leaders have committed to help brokers deal with the impact of Applied Systems cutting Epic from the UK market.
Brokers disappointed by Applied pulling Epic out of UK market
Insurance brokers have expressed sadness, disappointment and concerns about a hit to competition following Applied Systems withdrawing its Epic solution from the UK broker market.
Applied’s UK Epic withdrawal a “sad day” for brokers
Applied Systems pulling its Epic offering from the UK underlines how competitive the market is but is sad news for brokers and staff, according to experts.
Applied Systems confirms Epic withdrawal from UK broker software market
Applied Systems has confirmed it has completed a strategic business review and has decided to withdraw Applied Epic from the UK market after ongoing losses, as exclusively revealed by Insurance Age earlier today.
Aviva first to launch on Acturis Unify
Aviva is the first insurer to join Acturis’ artificial intelligence and data-driven placement strategy tool Unify.
Interview: Keith Hector, Covéa
Keith Hector, commercial lines director at Covéa, looks to make e-trade limits more flexible, highlights “buoyant” schemes business, and teases new products as he targets £200m GWP in 2025.
2025 UK Broker Awards open for entries, and it’s simpler than ever to get involved
The 2025 UK Broker Awards are open for entries, with a new process that makes it simpler for firms to put themselves forward to be in with a chance of winning.
Direct Commercial rolls out larger commercial vehicles product on Acturis
Direct Commercial has launched Haul In One Truck IHP on the Acturis platform, extending the availability of its Haul In One proposition to include larger commercial vehicles and staking a claim for an industry first.
Biba 2025 Countdown: Applied Systems’ Tom Needs
Tom Needs, CEO of Applied Systems, is looking forward to a New Era of more efficient, responsive, and customer-centric broking; reckons Arsène Wenger would make a good insurance leader; and expects to end the event with a hoarse throat.
MGA Ventis targets number one real estate spot with brokers following Acturis deal
Managing general agent Ventis is launching into e-trade with Acturis, claiming it would be plugging a gap in an underserved market segment.
Blog: Measure twice, cut once – how suitable is online distribution for D&O risks?
Online portals are a key element of streamlining insurance distribution, but they can present challenges as well as opportunities in affording clients effective D&O cover, asserts Craig Watson, underwriter, UK regional market, Kayzen Specialty.
News analysis: What does Aviva’s commission flex move mean for brokers and their customers?
In February, Aviva told brokers using e-trading platforms Fast Trade and Acturis E-Trade that they could set their own commission rates within set parameters of between 0% and 35%. Saxon East explores what this move means for brokers, their customers and…
SSP completes 18-month cloud migration at £3m cost
SSP Broker has completed its cloud migration of more than 400 brokers after 18 months, costing the software house £3m.
The stats: Q4 2024 – Premium growth continues, but at a slower pace
The Acturis Commercial Broking Index reveals further premium increases at the end of the year, but experts predict the market is set for softening in 2025. Ida Axling reports.
Open GI parent reports loss in run-up to Ares investment
OM Bidco, Open GI’s parent company, has reported a loss after tax of £30.13m for the year to 31 May 2024, the final full financial year before Ares Management’s takeover and an improvement on a loss of £38.48m in 2023.
Aviva gives e-trade brokers commission flex up to 35%
Aviva has written to brokers that use its own e-trading platform Fast Trade – as well as Acturis E-Trade – telling them they can set their own commission rates within set parameters, Insurance Age has learned.
Open GI grows sales to over £60m as investment in digital also rises
Open GI increased revenue by 5.1% to £61.7m in the year to 31 May 2024, as it invested a total of £9.1m in developing its digital offerings.
Eaton Gate first MGA live on imarket
Managing general agent Eaton Gate has joined imarket and will be deploying its first product, tradespeople, through imarket to the Bravo Digital Trader platform in March.
Polaris eyeing up £500m GWP milestone for imarket in 2025, confirms Banga
“I don’t want to tempt fate, but on current trajectory, we should be getting close [to £500m GWP] by the end of 2025,” Polaris managing director Vivek Banga told Insurance Age.
Another double-digit jump for Polaris’s imarket takes premiums to £449m in 2024
Insurance premiums placed through digital trading platform imarket rose 15% to £449m in 2024 as Polaris built on surges in recent years.