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E-commerce: Powerplace completes '3 As' with Axa addition

Matthew Reed

Powerplace has secured what it described as the "3 As" after announcing Axa's intention to join its panel of insurers.

Chief executive, Matthew Reed, confirmed that Axa had committed to join the panel but explained there had been a delay due to its desire to launch via the imarket portal.

Talking about further additions to the insurer panel, Mr Reed said that he was looking to add more specialist insurers: "I would like to be able to say to brokers that we have the perfect panel and we are looking to double the size of our property owners' panel by middle of next year. We need to look at the insurers that are

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Ashleigh Gwilliam, director of insurance at nCino calls for more to be done to make insurance careers genuinely attractive to young talent and predicts AI will be handling first-pass underwriting decisions on at least 30% of SME commercial risks by the end of next year.

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