Broker Insights, which connects UK insurance companies and brokers by providing data analytics and market insights, has announced a partnership with Brown & Brown-owned Hedron Network, which is now using its Broker Insights VISION™ platform.
Hedron Network works with 200 independent Partner Brokers, providing them with a competitive advantage through a range of growth and support services, including placement, system consultancy, accounts reconciliation and compliance.
Vision will deliver data insights for Hedron’s Partner Brokers, providing a real-time overview of their business and allowing them to develop, simulate and execute placement strategies and improve performance.
Hedron will use Vision Enterprise to consolidate and enrich Partner Brokers’ current data sets, deliver insights and analysis from the data, and identify development opportunities for its Partner Brokers.
“We are delighted that Hedron Network has chosen our Vision Enterprise solution to deliver significantly enhanced data analysis for its members, enabling them to understand their book of business better and unlock new growth opportunities,” said Broker Insights Chief Executive Officer Fraser Edmond.
“The quantum of data now on the Broker Insights platform means that we can provide clients with insights and market trends which are unrivalled in the UK commercial insurance sector, allowing them to optimise their portfolios and significantly improve business performance.”
“Hedron Network is constantly striving to find new and innovative ways to improve the services we provide to our Partner Brokers,” said Hedron Network Chief Executive Officer Chris Haggart.
“This deal allows our Partner Brokers to benefit from access to the Vision Enterprise platform, providing enhanced management information, performance metrics and insights on their own business. At a Network level, Vision Enterprise will help identify opportunities for new products and service innovations for brokers and customers, who may currently be underserved or overlooked by traditional trading approaches. We are truly excited to be working with Broker Insights, and we believe it will take our Network service to a new level.”
For further information, read an Insurance Age interview with Chris Haggart here.
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