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How Will Broker Insights’ US Expansion Impact Insurance Brokers?

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by Caitlyn Jones
October 29, 2024
Image Credit: Freepik
How Will Broker Insights’ US Expansion Impact Insurance Brokers?

Broker Insights, a Dundee-based insurtech firm, has made a strategic move to expand its operations to the US following thorough research and development. The company’s flagship platform, Vision, has been instrumental in helping insurance brokers efficiently manage and understand their client base while fostering connections with insurers. After analyzing nearly $1 billion in gross written premiums (GWP) in the US market, Broker Insights has fine-tuned their platform to meet local requirements. Since its inception in 2018 by former Aviva executives Fraser Edmond and Iain Crole, the company has experienced significant growth. It is currently managing £5.5 billion in GWP in the UK and is projected to reach £6 billion by the end of the year. By venturing into the US market, Broker Insights aims to leverage the vast potential of the commercial insurance sector and extend its global reach, offering valuable cross-market insights to UK broker partners. The platform, now available in all 50 states, can potentially transform how insurance brokers operate, offering data-driven solutions that enhance efficiency and performance.

A Broader Reach with Data-Driven Solutions

Broker Insights, a Dundee-based insurtech company, is making a strategic expansion into the US market following extensive research and development. Their flagship platform, Vision, has been crucial in helping insurance brokers better manage and understand their client base while building strong connections with insurers. After analyzing nearly $1 billion in gross written premiums (GWP) within the US market, Broker Insights has refined its platform to meet local needs. Founded in 2018 by former Aviva executives Fraser Edmond and Iain Crole, the firm has seen significant growth. They currently manage £5.5 billion in GWP in the UK, and they expect this to rise to £6 billion by year’s end. By entering the US market, Broker Insights aims to tap into the thriving commercial insurance sector and expand its global footprint, providing valuable cross-market insights to UK broker partners. The platform is now accessible in all 50 states, poised to potentially transform how insurance brokers operate by offering data-driven solutions that boost efficiency and performance.

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