With Connect Marketplace Live Trade: Distribution Starts at the Core
With so many new startup (re)insurtech entrepreneurs bringing new platforms to the market, without doubt it is a monumental task for carriers to plug into, let alone centralize and keep track of multiple virtual distribution channels.
Ignoring the challenge will not be an option. Carriers will need to continue to back and invest in new insurtech distribution opportunities in order to stay relevant in the digital insurance age.
With the future of the Lloyd’s and London market evolving rapidly, centralized and structured data management and MI capabilities will be instrumental.
Connect Marketplace enables our carrier partners to aggregate all digital distribution revenue sources into a single interface, creating plug and play infrastructure to bring digital product to market within weeks. API capable, Marketplace streamlines and centralizes electronic quote and bind, claims, pipeline tracking, and MI reporting in one place.
For our broker and MGA partners, the core enables ‘build on demand’ digital store front capabilities, the ability to add and create their own products via their own capacity, and tap into the numerous product templates and/or capacity providers of the platform. Depending on the vendor and their API capabilities, we are also able to integrate the core with any broker or MGA management information systems in the market.
If you are a Lloyd’s or London market, London broker, or MGA in need of next generation distribution technology, get in touch with me or any of the ConnectUW London team.