Hug Hub to launch broker extranet service
Insurtech Hug Hub is to rollout an extranet service this summer in a move it said would save commercial brokers up to 75% of the processing cost in placing e-traded SME risks.
The online cloud-based application, Extranet Hub, will cut rekeying times and support placement strategies, the firm claimed.
According to the business, brokers use on average four extranets in addition to their software house for each SME risk seen.
As such the service is not a tech solution searching for a problem that does not exist, Hug Hub CEO Jonathan Davey told Insurance Age.
“The problem is simple: brokers continue to use insurer extranets outside of their core software house,” he
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