Markerstudy announce strategic partnership with Quotall
Quotall’s platform will first be used to provide a new broker portal with a suite of commercial products.
Today, Markerstudy announce a multi-year partnership agreement with Quotall to use their cloud-based, e-trade platform. Initially, Markerstudy will use Quotall’s system to launch a new broker portal providing access to a wide range of commercial insurance products. The new portal will deliver enhanced products and trading facilities for 700 Zenith Marque broker partners nationwide. The agreement allows for a phased rollout of other lines of business and accommodates usage of the software by Markerstudy’s retail brands.
The contract is the culmination of almost two years’ research into insurance industry software providers by Markerstudy. A proof of concept exercise that ran for over 6 months during 2017 saw Quotall emerge as the clear partner of choice, offering modern software and multichannel distribution capabilities in a cost-effective package.
Commenting on the deal, Markerstudy Group Underwriting Director, Gary Humphreys, said:
“Our strategy as a business has been to develop non-standard, flexible, multi-trade products. These differentiators have set us apart and ensured strong demand from our broker partners, but their complexity gave rise to a further challenge; ease of distribution. As a business, we recognised the need to make it far easier for brokers to transact with us digitally. Reviewing the insurance market software options, we realised we needed to take a fresh approach. In Quotall, we have found, for the first time, a software partner with a portal capable of distributing the highly complex products we know brokers want.”
Simon Ball, CEO at Quotall, said:
“We are excited to be working with Markerstudy, who share our innovative approach to insurance distribution. They recognised that there are now many systems and portals available for brokers to use and acknowledged that our market leading software, service and support will significantly enhance the Markerstudy proposition whilst delivering measurable cost efficiencies.”