Xbroker, from Moorhouse Group, plans to add retail to its product portfolio and reengineer the system to better suit brokers' needs.
The new retail product, which will be rolled out by the end of the month, will be underwritten by NIG and Zurich. Additionally the Xbroker system now includes the issue of online policy documents, a client/broker management system, a referral option on risks and the opportunity to pro rata premiums to produce a common renewal date for multiple policies.
Commenting on the changes, chairman Lyndon Wood said: “Xbroker has gone from strength to strength since its launch in 2001 with gross written premiums reaching £9m in 2006. Our aim has always been to provide our brokers with top class products in a system that helps them run their businesses more efficiently and profitably. By listening regularly to our partners we learn what is important to them and develop the system accordingly. Our most recent changes will enable brokers provide an even better service to their clients.”
