imarket is Polaris’ commercial lines digital trading solution that enables brokers to transact over 530,000 commercial policies each year generating over £400m GWP with their insurer partners.
imarket enables a secure connection between broker and insurer systems and removes the need for separate integrations.
It creates a great opportunity for insurers to widen their distribution and brokers to access more insurer products directly from their system.
The number of policies traded through imarket is growing each year, as brokers and insurers increasingly look to maximise their digital trading.
We currently have over 500,000 policies (equating to over £350m GWP) through imarket and are increasingly seeing a move to trade more complex risks.
Brokers reduce their costs by obtaining multiple insurer quotes through one data capture, while insurers reduce their costs by integrating once to multiple broker systems.
The imarket portal allows Insurers & MGAs to control access to their digital products in one place.
Changes and updates to products only need to be made once in your system and they will flow through to all the broker systems they have been deployed to.
Insurers also have the ability to switch Broker access on and off in real-time giving you full control over your distribution channel.
Polaris provides valuable benchmarking information to imarket insurers to help them optimise their distribution.
Polaris also provide a popular live chat service
that helps resolve queries faster and in real-time. Over 25,000 chats are enabled each month, allowing brokers to engage directly with the relevant teams in insurers.