Accelerate as a company
Accelerate is an insurance MGA, underwriting non-standard commercial business with access to both Lloyd’s and non-Lloyd’s capacity. Rather than offering pre-existing solutions, their approach is refreshingly different – building bespoke facilities for brokers and providing underwriting and product governance. In turn this enables brokers to concentrate on sales and operational delivery of service, thereby accelerating their growth.
Partnering with Insly
Accelerate is focused on delivering E-traded, non-standard and niche products which is why they required a trading platform that would enable them to rapidly bring innovative insurance products to the market. They also wanted the platform to complement their existing branding, which Insly was happy to provide thanks to built-in white-labelling features.
The result is called Accelerater® and it’s already used by Accelerate’s network of insurance brokers to place and manage their business.
With the AcceleRATER® platform being packed with more features than industry standard, it allows brokers more control thereby fulfilling a big part of Accelerate’s strategy. For selected sections of cover there is the quote and bind feature that not only allows brokers to calculate quotes and generate the necessary documentation dynamically, but it also allows the broker to produce detailed management information.
Next steps for Accelerate and Insly?
According to Accelerate’s Managing Director Scott Brown the company’s aim is to grow to £50m in GWP in six years. This means jointly, Insly and Accelerate will continue to develop AcceleRATER® to create products and propositions to meet broker’s needs.
Accelerate MD Scott Brown briefing Insly on their business strategy.
Read more customer success stories: “How BDB and Mithras use Insly to distribute insurance products in different countries?”
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