Software
Turnover down but profit up at Open GI for 2022
Open GI has posted a fall in revenue for the third year in a row in its results for the year ended 31 May 2022.
Open GI eyes pay-as-you-go market after Love Your Miles partnership move
Technology provider Open GI is eyeing up the growing pay-as-you-go market, after having entered the sector with online motor broker Love Your Miles in 2022.
WTW, Liberty and Markel team up on complex specialty risks digital trading platform
WTW has staked its claim for a “step-change” in digital trading as it unveiled a collaboration with Liberty Specialty Markets and Markel launching the pilot phase of a commercial insurance platform.
Broker Week 2022: Digitalising broker efficiency
One of the critical aims of digitalisation is to drive efficiency and productivity in the business, using connected technology to conduct and complete business seamlessly and effectively. So, what can brokers do to achieve this? Fiona Nicolson reports.
Applied Systems targets UK "number one" status drawing on US strength
Speaking to sister-title Post at the Applied Net conference in Nashville, CEO of Applied Europe, Tom Needs said having a US arm allowed the UK and Ireland business to experiment and innovate more.
UK Broker Awards 2022: Digital Broker Award
On course to secure 100,000 live policyholders by the end of 2022, motor brokerage Yoga Insure, which only launched in late 2019, is already being touted by our judges as the next Direct Line
UK Broker Awards 2022: Claims Team of the Year
The Clegg Gifford & Co claims team impressed the judges with a stellar year, not least for their passion and ingenuity when it came to reducing spend while keeping customer service at the top of the agenda
UK Broker Awards 2022: Broker Support Partner of the Year
Last year SchemeServe achieved its goal of becoming a complete end-to-end software provider for scheme brokers – a significant milestone in its more than 20-year history. An insurance platform “all about solving problems”, its offering includes product…
Andy Fairchild signs up at CGI
Ex-Broker Network boss Andy Fairchild has teamed up with global IT services and business consulting firm CGI as a brand ambassador, Insurance Age can reveal.
Movo buys into insurtech Durell
Movo Investment Group, the investment arm of Movo Group which includes appointed representative network Movo Partnership, has bought a 50% stake in insurtech Durell, Insurance Age can reveal.
Brokers looking to introduce multi-policy portfolio, says CDL’s CEO
CDL’s CEO, Nigel Phillips, has said brokers are looking to deploy a multi-policy portfolio, so that they can “reap” some of the benefits by offering a breadth of policies to their customers.
Acturis boosts revenue and profit in 2021
Acturis grew revenues by 6.7% in 2021 to £111.9m, its 20th consecutive year of revenue growth.
ERS widens appetite on car offering with digital expansion
Motor provider ERS has developed its digital offering and is set to add its manually-traded Prestige and Enthusiast products to its e-trade proposition as it seeks to make them more accessible to brokers.
SSP users demand improvements after latest outage
SSP users have called on the software house to improve its technology and communication after being hit by another outage yesterday, Insurance Age can reveal.
Earnix CEO warns on red flags
If a technology provider wants to change everything a company has done then it is most likely to be a “red flag”, Earnix CEO Udi Ziv told Insurance Age.
Hug Hub to launch broker extranet service
Insurtech Hug Hub is to rollout an extranet service this summer in a move it said would save commercial brokers up to 75% of the processing cost in placing e-traded SME risks.
Opinion: How to choose the right technology
The benefits and types of technology available to brokers are well known but how to choose the right fit? Ignite’s Toby MacLachlan shares his expertise
The tech toolbox: What do brokers need?
Technology has improved in leaps and bounds over the past several years, yet what exactly do brokers need in their technological toolbox in order to succeed in today’s insurance climate? Eleanore Robinson reports
Lloyd’s picks 11 for latest lab cohort
The insurtechs have been selected based on solutions geared towards four key themes: decarbonisation and climate change; supply chains; data and models; and claims.
Ebitda and turnover stable at Open GI in 2021
The software house achieved Ebitda of £26.7m for 2021 with revenue of £41.7m but post-tax profit fell to £12m.
Blog: Getting personal with digital
Open GI’s Ben Legg explains while digital can help deliver a seamless customer experience it's not the end of personal touch.
Iprism adds product to SSP platform
According to the MGA, the platform removes the need for brokers to rekey quote data and provides a full quote and bind service, from rating and pricing to core administration, data analytics, and full policy documentation at point of sale.
Ageas moves to Amazon Web Services for Insurer Hosted Pricing
The deal also sees it move to CDL's Proteus system which the provider says gives faster access to competitive rates for brokers.
Applied Systems reveals brokers' top digital trends
In its annual digital broker survey, the software provider unveils that 66% of brokers have a digital strategy in place while only 30% are integrating data analytics to gain business insight.