What SME brokers can learn from InsurTech start-ups

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Jonathan Swift explains that brokers have a lot to learn from firms like Bunker, Cover Wallet, Embroker, and Next Insurance.

At the recent UK Broker Summit one thing that struck me was the cynicism among some delegates towards the potential for insurtech and digital to have any long lasting impact on the broking market.

As delegates eloquently put it, they have built up businesses based on professional staff giving advice and guidance to clients face-to-face, building up relationships over years to a point where price is not the be-all and end-all in terms of priorities when it comes to choosing cover.

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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