Broking network Movo Partnership Ltd has launched a new insurer portal called MIP.
“MIP has been developed in response to insurer feedback; they told us they wanted a tool that would make it quicker and easier to identify those brokers they wanted to work with within networks,” said Movo broking & insurer relationship manager Jordan De Saa. “We’re delighted to be the first network to deliver on this.
“The portal essentially makes it more transparent, quicker, and easier for insurers to trade with our members. It gives them complete transparency over each of our brokers and means they can delve through a lot of data quickly and efficiently, for example to quickly establish a broker’s location, size and GWP, the mix of business each broker has, or potential schemes.”
Set up in 2019 in Kent, Movo is an alliance of independent brokerages operating under an appointed representative (AR) regulatory framework. Comprising 52 broker members, the network writes £40 million in gross written premium (GWP). By the end of 2022, the numbers are expected to stand at 75 members and GWP worth £65 million.
“We know that the more solutions we deliver, leveraging the benefits of technology, will mean more time for brokers and insurers to focus on trading which will ultimately help everyone’s profitability,” added De Saa, whose camp plans to expand the portal later this year to allow direct interactions between brokers and insurers.
Movo became a completely independent AR network this month, after leaving Hedron.