Today’s insurance distributors need 21st Century insurance systems

The e-commerce market in the UK is predicted to grow by 110% in this decade, reaching £123bn by 2020. Today over 70% of households and businesses in this country have internet access. Over 60% of motor insurance distribution is via the internet, and Google is reporting a 40% year-on-year growth in business insurance search volumes.

Insurance customers are on the move, and they are online, using the internet to network through social media as well as to find goods and services – locally as well as internationally. But the impact of the internet does not stop there. Businesses are also using the internet to reduce costs and increase profitability.

Insurance software for Brokers, MGA’s, insurers and digital businesses

If, like us, you recognise that the internet has and will continue to transform our market, ask yourself this: is your business ready? Does your current insurance system have the speed, flexibility and capacity to meet the challenge?

If the answer is ‘no’ to any or all of the above you are not alone, but you need to move this item up the corporate agenda. The challenges of the 21st century are not going to be met by either the technologies or the technologists of the 20th century.

Insurance software must meet the challenge of the future, today

New thinking and new skills are needed, and Quotall has both.

Using our cutting edge insurance technology, we have created the industry’s first purpose-built, full-cycle, self-serve transactional insurance platform optimised for digital distribution.

The system can handle all general insurance products and provides multi-quote, multi-currency and multi-lingual trading with a full-cycle back office, so our clients can offer real choice and real options to their customers anywhere in the world.

Insurance software with full distribution capabilities

Brokers can use our insurance broking software to quote, buy, adjust, manage and renew insurance policies direct with carriers on our e-trading platform, and offer the same service via a broker-branded customer website to their customers direct.

For MGA’s the Quotall platform provides the opportunity to distribute product to a closed market of ‘networked’ brokers as well as the additional option of distributing via the Quotall open market platform.

Insurers can benefit from the additional distribution opportunities provided by Quotall’s open market platform, and our system’s unique product build and maintenance facility. This not only enables products to be built on the platform in a matter of days, but also allows real-time changes to be made with no interruption to the transactional flow.