Broker Insights becomes Biba associate member

Broker Insights has been selected as Biba’s newest associate member.

The insurtech has a shared interest in several of the commitments outlined in “Biba’s Manifesto: Risks and Opportunities 2019” such as help with changing market practices, supporting small and start-up brokers and maximising new opportunities with insurtech adoption.

Biba’s chief executive, Steve White, added: “Innovation and the ways in which it can help our members is one of our key focuses.”

It follows Broker Insights recent partnership with Coversure which saw ninety-three regional brokers going live on the insurtech’s search platform.

Andy Thornley, BIBA head of corporate affairs and Biba’s innovation lead explained: “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.”

Visibility

The insurtech aims to provides regional commercial insurance brokers with new opportunities to be seen and heard by leading insurers.

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

Its free solution is available to brokers and claims to increase visibility and attention with insurers like Ageas, AXA, Hiscox, Ecclesiastical, QBE and Zurich as well as support data analytics and information management as part of the service.

Fraser Edmond, chief executive and co-founder, Broker Insights said: “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.”

Broker Insights has over 200 active insurer users in its platform working with over 120 broker offices.