Broker Insights joins BIBA as an Associate Member

26th March 2019

BIBA’S newest associate member, Broker Insights provides regional commercial insurance brokers with new opportunities to be seen and heard by leading insurers.

The Broker Insights search platform went live in October 2018 and now hosts more than 120 regional broker offices, securely presenting anonymised commercial customer risk information to partner insurers.

Sharing several commitments outlined by BIBA’s 2019 Manifesto: Risks & Opportunities, including a commitment to help with changing market practices, supporting small and start-up brokers and maximising new opportunities with insurtech adoption, Broker Insights can also help BIBA’s members to make sense of their data.

Fraser Edmond, CEO and Co-Founder, Broker Insights commented: “This business was founded after years of working as an insurer looking after brokers, listening to what brokers need most and intimately understanding the market challenges.

By the simple, practical application of technology and use of data we believe we can genuinely level the playing field for regional brokers in terms of access to and attention from leading insurers. We believe we can drive real efficiencies for brokers and insurers alike by better connecting them at the right times for the right clients.

“The pace with which we have signed up leading insurers is testament to the model we have created and the desire of these insurers to better serve regional brokers. We have over 200 active insurer users in the platform, working with over 120 broker offices,  and this is increasing every week.”

The Broker Insights solution is available to brokers for no cost, giving regional brokers increased visibility and attention with insurers like Ageas, AXA, Hiscox, Ecclesiastical, QBE and Zurich as well as support in data analytics and information management as part of the service.

Steve White, BIBA CEO said: “Innovation and they ways in which it can help our members is one of our key focuses so I’m delighted to welcome Broker Insights as a new associate member.”

Andy Thornley, BIBA Head of Corporate Affairs and BIBA’s innovation lead concluded: ”We have worked with Broker Insights on projects to raise awareness about the opportunities that come from insurTech and innovative thinking.  Having them as an associate member adds to our thought leadership and direction in this important area.”

 

ENDS

Notes to editor

  1. For further information please contact:

BIBA press office:
Pam Quinn, Head of Communications
020 7397 0223
[email protected]

Leighann Forsyth, Deputy Head of Communications
020 7397 0224
[email protected]

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  1. About the British Insurance Brokers’ Association

The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.

BIBA membership includes just under 2,000 regulated firms, employing more than 100,000 staff.  General insurance brokers contribute 1% of GDP to the UK economy; they arrange 70% of all general insurance with a premium totalling £62.4bn and 87% of all commercial insurance business. Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.

BIBA receives more than 600,000 enquiries per year to its Find Insurance services, online and via the telephone which are directed to member insurance broking firms.

BIBA is the voice of the sector advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.

  1. About Broker Insights:

Broker Insights uses data to transform relationships in commercial insurance by enabling regional brokers and leading insurers to have the right conversation at the right time.

The independent platform gives regional brokers more attention, earnings and insight from their data by providing insurers with a single, searchable view of market opportunities.

The ideal broker for the Broker Insights platform is between £0 and £12 million GWP.

For any interviews with Broker Insights, please contact:

Katie Armstrong – Head of Marketing

[email protected] or 07955 756 610