Broker Insights’ Vision platform set to reach £6bn in GPW by end of 2024

Broker Insights has announced that six years after its launch, brokers have uploaded £5.5 billion of Gross Written Premium (GWP) to its Vision platform, with a target of reaching £6 billion by the end of the year.

Vision will now provide insights and data analytics covering over one-third of the UK commercial insurance market, along with its expanding European dataset.

Based in Dundee, Broker Insights connects brokers, insurers, and managing general agents (MGAs) on a single platform. The platform matches an insurer’s risk appetite with brokers’ customer data using its MatchPoints technology, ensuring brokers receive the right insurance product at the right time.

Broker Insights’ research shows the UK commercial insurance sector has £18 billion in GWP. Since its launch in 2018 with £31 million in GWP, the platform has steadily grown, with brokers expected to upload more than £6 billion by the end of 2024.

Fraser Edmond, Co-Founder and President of Broker Insights, said, “Our focus from day one was on empowering the commercial insurance industry through data.

“We knew that if we could help brokers and insurers make more informed decisions, the entire industry would benefit.”

He added, “What started as a solution for independent, regional brokers to understand their business better and connect with our panel of leading UK insurers is now also being licensed to large national and global brokers, who select their own markets and tailor Vision Enterprise to their needs.”

The company’s success is fueled by its continuous innovation and ability to meet market demands. The company has pioneered Decision Intelligence, allowing users to explore, simulate, and act on insights for improved performance.

Peter Scott, CEO of Broker Insights, emphasised, “The key to our success has been listening to our customers.

“Innovation isn’t just about technology; it’s about responding to real, everyday challenges that brokers and insurers face. That’s what we’ve built our platform around.

“From inception, Broker Insights has offered a unique platform that enhances information flow, improves efficiency, and drives better decision-making across the insurance value chain. By connecting brokers, insurers, and MGAs on a single platform, Broker Insights has created a more transparent and collaborative environment, leading to enhanced productivity and better outcomes for all parties,” Scott concluded.

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