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Press release:

Ref: OGI0307
3rd November 2011

Insurers Home In with Full Postcode Rating from Open GI

Free to Brokers, Open GI’s Full Postcode Rating now has 6 leading insurers on board, with 78 schemes available and a further 27 in development.

Full Postcode Rating has been available since the beginning of 2011 and gives the ability to improve rate accuracy and ultimately place more business without any additional rating questions or processing screens. With no impact on existing workflow and no switch on process, brokers can target niche areas of the market and get the benefit of rating by individual full postcode rather than sector level, enabling more dynamic and granular rating, dependant on postcode area.

Jason Potter, Head of Insurer Relations, Open GI commented: “We are constantly developing solutions for our brokers to do more for less and improve business efficiency in today’s challenging marketplace. We are delighted to see that insurers are embracing the benefits of Full Postcode Rating and are working with us to improve the competitiveness of quotes available on the Open GI platform."

For More Information about Open GI:
Adele Clarkson
Marketing and PR Manager
Open GI
Tel: +44 (0)1905 754455
email: adele.clarkson@opengi.co.uk

Notes to Editors:

Open GI supplies market leading IT solutions to insurance brokers across the UK & Ireland. With 20,000 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 350 people and a 30-year heritage, the company enjoys a strong financial performance. For the year ended 31st May 2010 Open GI reported revenues of £35.0 million and an operating profit of £21.1 million.