Press Release: Broker Insights Goes From Strength-to-Strength – March 2020

09/03/2020

One of the UK’s most exciting technology company enters next phase of development.

Insurtech business launched by senior industry executives and backed by two of Scotland’s top technology entrepreneurs

Broker Insights, an innovative platform which is changing the way the Insurance industry works, is headquartered at Water’s Edge in Dundee.

Their growth has been so rapid that they have outgrown their current office in just 16 months – a testament to the progress they have made since launch.

Broker Insights CEO, Fraser Edmond, said, “What we are doing and delivering to the commercial insurance market is unique and we have a conscious strategy to build the business as fast as we can to capitalize on our first-mover advantage.”

“The demand for what we are delivering has been really strong and this has enabled us to build the team and business rapidly.”

“To be approaching £500m of premiums in the platform in 18 months has been amazing. We are starting to see more and more opportunities and possibilities for the business as we get into our stride.”

Broker Insights Chairman, Chris van der Kuyl, said: “It has been a real pleasure to be involved in the rapid development of Broker Insights to one of the country’s fastest-growing technology businesses in just over two years.”

“The strength and ambition of the business is justifiably reflected in this move to a new, world-class, headquarters in the heart of Dundee’s burgeoning tech quarter, at Water’s Edge. This move heralds the dawn of the next phase of development of one of the UK’s most exciting technology companies.”

About

• The Broker Insights team is co-founded by CEO Fraser Edmond, former Broker Distribution Director at Aviva, Iain Crole, formerly Head of Broker Sales for the UK at Aviva, Sandy Cairnie (COO), Paddy Burns (Non-executive director), CEO of 4J Studios, and is chaired by Chris van der Kuyl, Chairman of 4J Studios, TV Squared and Entrepreneurial Scotland.
• Broker Insights were voted as a top 25 Insuretech Impact 25 and Scottish Edge Winner 2018. The platform currently has over 1,000 insurer and broker users, and 400 million of Gross Written Premium. The vision is to connect brokers and insurers and provide insightful analytics to help drive better business decisions.