Source: Broker Insights
Broker Insights’ platform is available in all 50 states and has been specifically tailored for the US following extensive broker research and collaboration during which time it analysed almost $1bn of gross written premiums (GWP).
Fraser Edmond, President and Co-founder, said: “An average broker only actively uses approximately half of their insurance carriers and wholesale providers, making it extremely challenging to be confident which represents the best option for every client and for the brokerage. The US commercial insurance market presents significant expansion opportunities for our business. Following extensive preparation and development work, the Vision platform is being deployed. This strategic move strengthens the company’s global footprint while offering our UK broker partners cross-market insights and opportunities.”
Hugo Lough of Mercia Ventures added: “Broker Insights is transforming the commercial insurance market. Since we first invested in 2021, it has achieved a four-fold increase in the the amount of gross written premiums it handles, and now has the largest dataset of its type in the UK. Launching in the US is the logical next step for the company and is in line with its plans to become the knowledge centre of the industry and a global leader in its field.”
Read the full article: https://brokerinsights.com/news/insurtech-launches-in-the-us-after-analysing-1bn-of-premiums/
