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Recorder to unveil commercial platform for brokers at Biba Conference (Insurance Age)
Apr 16, 2024
Insuretch Recorder will roll out its SME focused software platform at the British Insurance Brokers' Associations' conference in Manchester next month with a promise to offer a free version exclusively to attendees.
The artificial intelligence enabled product suite, designed specifically for broker, aims to accelerate digital transformation within UK insurance. It is targeted at data handling and policy management for SME business.
The firm detailed it had spent six months refining and testing the product with a selection of broker clients ahead of launching the platform with key components consisting of a small business portal, a broker relational database and insurer-broker connectivity.
The founders of Recorder previously built Codat, a software platform founded in 2017, which helps banks and lenders integrate with SME financial data.
According to the dounders, while building Codat for banks, they realised the opportunity for improved data flows on SMEs was even larger within commercial insurance.
Matthew HIcks, CCO & Co-Founder, said: "Recorder's launch at BIBA marks a significant milestone in our mission to bring the best of 21st century fintech to commercial insurance. Out platform not only alleviates the administrative burden on brokers but also improves the underwriting process for insurers, ensuring SMEs receive the coverage they need without the traditional hassle. We're here to help brokers do what they do best - advice business on risk - and to spend far less time on paperwork."
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