imarket hails broker milestone
The registration of 3,000 broking firms has been hailed by imarket as a concrete sing of the commercial insurance trading portal’s burgeoning popularity among intermediaries.
“This milestone is a landmark achievement and a major breakthrough in imarket’s evolution,” said Martin McLachlan, managing director of Polaris UK, which operates imarket on behalf of participating insurers.
“More and more brokers are now appreciating the benefits of imarket as an effective tool for saving administrative time and reducing processing costs,” he added.
Volumes of business transacted by imarket have also increased to more than 67,000 a month.
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