Stubben Edge Group has acquired Insurercore, a tech enabled distribution platform headquartered in London.
Insurercore claims to connect the insurance market by linking risks with risk appetite. Its services are used by over 4,600 insurance professionals and claims to be the largest insurance networking platform in Europe.
Underwriters can leverage the platform to define their capacity and appetites, which then link to a search engine that enables vetted brokers to find and contact them.
By integrating with Stubben Edge’s distribution platform, it hopes to move the service away from being a listing and networking function and enable broad-based transactional activities across a broad suite of insurance and non-banking services.
Stubben Edge is an end-to-end platform for business insurance and other financial services. It is on a mission to help brokers and independent financial advisers to digitise their businesses.
Its features include customer portal, AI sentiment analysis, policy issuance, white-labelled products, integrated customer portal, loyalty benefits, video calling and much more.
Speaking on the deal, Insurercore managing director Peter Clarke said, “This deal has come at an incredible pace and brings amazing opportunities to accelerate our plans to grow the network and innovate new features that add value for our clients and users. It was clear from early discussions with Chris that he saw how Insurercore could be aligned with what Stubben Edge is doing for entrepreneurial brokers and SME clients across the UK.
“In addition, this deal brings exceptional access for our clients to Stubben Edge’s existing Cash Management, Financing, International Events and Educational product suite from business experts. The Stubben Edge Group is fast-growing, dynamic, friendly and ticks all the boxes for Insurercore.”
Stubben Edge recently raised £5.6m in funding from unnamed Nigel Wray, Dowgate Wealth, family offices, institutional investors and other HNW investors.
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