< Back

Press release:

Ref: OGI0235
28th September 2010

Open GI Joins Forces with imarket

Leading broker solutions provider, Open GI, has joined forces with imarket to provide a range of new commercial insurance products on the Open Trader platform.

Integration between Open Trader and the imarket portal will expand the platform’s insurer panel which already provides brokers with comparative quotes across 13 product lines.

New imarket insurer products will include Tradesman, Property Owners, Office & Surgeries, Shop (including Hair and Beauty), Pubs and Restaurants, with Commercial Combined to follow. Tradesman will be the first to go live in the New Year.

The trading process will be seamless, in that the broker completes the relevant data capture on Open Trader and receives additional comparative quotes from imarket insurers. This will allow business to be placed with the minimum level of data entry - saving time and reducing error rates and costs.

Commenting on the partnership, Chris Guillaume, Managing Director, Open GI, said: “Software house integration is a key part of the imarket initiative as it extends the number of brokers trading commercial business electronically. We have been working closely with Polaris and are pleased to be in a position to integrate our systems for the benefit of our brokers.

“Open GI is committed to supporting the industry to deliver commercial electronic trading. We have made a significant investment in Open Trader and are keen to continue to expand the range of insurer products via this latest deal with imarket. It’s great news for brokers and for the industry as a whole.”

Chris Hanks, General Manager Allianz UK and Polaris UK Ltd Chairman, said: "Integrated eTrading brings brokers rapid access to a growing array of insurer products. To maximise the benefits for intermediaries, commercial eTrading must be integrated into their core  processing systems. The industry has made significant headway in process automation over the last 2 years and that momentum is increasing. With over 20,000 users, Open GI is a major software house for the Broker market, so the imarket insurer community is delighted with this development. It represents a big step forward into a large and attractive distribution channel for our products.”

For More Information contact:
Stacy Prosser
Marketing Team Leader
Open GI
Tel: 01905 754455
email: stacy.prosser@opengi.co.uk

Notes to Editors:

Open GI supplies market leading IT solutions to insurance brokers across the UK & Ireland. With 25,000 users in around 2,000 firms, the company has a 40% share of the UK broker market and is committed to technological innovation. Open GI technology enables personal and commercial lines brokers trading in standard and niche markets to streamline business activity and become more profitable. With a workforce of 300 people and a 30 year heritage, the company enjoys a strong financial performance. For the year ended 31 st May 2007 Open GI reported revenues of £27.3 million and an operating profit of £13.6 million.