Insurance Business – The insurtech that has boosted some brokers’ businesses by millions

  Simonx   |   12th June 2019 - 2 min read

All Posts | Insurance | In the Press

Insurance Business Many brokers are somewhat unsure or uneasy about insurtech. For many it seems unnecessary, or perhaps even a threat. But when brokers get the right technology for their business, and use it correctly, it can lead to fantastic results.

One example of this can be seen with SchemeServe, a software program for brokers that work with schemes (as the name suggests).

John Price (pictured), COO, explained how it works. “It’s really a bit of insurtech for brokers, MGAs and insurers to get schemes online and trading very quickly and very easily,” Price told Insurance Business. “We’re talking a matter of weeks as opposed to months or years. Our record is five days but I’m not going to pretend that’s normal. However, taking the scheme from the concept or the idea the broker has and making that so it’s a working scheme is a very quick process.”

According to the COO, one of the best parts of SchemeServe is how little work is involved for the broker. Changes can be made at any time as well – so a broker isn’t locked into a certain process or question set.

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Simon Cowling

Simon spent over 10 years programming from behind a keyboard, before transitioning across to management. A keen adrenaline junkie, whether that involves going up the mountain or over the edge of the cliff. He learned his management skills not just in the I.T world but also running youth camps and conferences, helping teenagers find a footing in life. He also really likes pie.

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