PropTech Relay has inked a new partnership with UK-based insurance networking platform Insurercore, aimed at providing a comprehensive solution to insurance and wholesale brokers looking for capacity.
Relay is a North American property and casualty quote-bind-issue portal provider.
“This marks the beginning of a new era in the insurance space, with the first complete, contemporary ‘capacity find and bind’ solution,” said Greg Boutin, CEO of Relay. “Our InsurTech ventures share a similar DNA anchored in offering practical innovative solutions that help brokers connect to capacity faster and remove obstacles to assembling client proposals that close more deals.”
The two companies aim to collaborate to provide an offering combining professional networking with actual dealmaking in order to help brokers keep a pulse on all capacity providers in the interest of sourcing the best deal for clients.
“This is an exciting time for Insurercore, but also for the UK commercial insurance market in general,” said Peter Clarke, managing director at Insurercore. “By integrating our current offering with a Lloyd’s approved placement platform, the Relay/Insurercore partnership brings commercial U.S. brokers instant access to the London Market. For UK wholesale brokers and carriers, this collaboration fulfills our vision of enabling deal-centric connectivity. Call it networking with a purpose. It’s a win-win-win partnership, and one that we expect to see flourish over years to come.”
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