SSP Marketplace
SSP offers a unique feature-access to a wide range of distribution facilities within its strong broker base. Over 1400 broking businesses use SSP software. This creates the capability to link up these businesses, on a connected basis, with key insurance markets in the UK. If the distribution requirement should be wider than the UK market, then we can certainly demonstrate our capability in this area. Quite simply, we can connect together the key markets in the insurance supply chain.
SSP Marketplace Features
Benefits
- Increases speed of product to market
- Removes legacy features (manual underwriting) where efficiency is key in micro lines
- Exposes products to an increasing range of introducers (aggregators, social networks)
- Meets Industry standards
We can connect your organisation to more of the outside world. To more consumers, more brokers, more agents, more online aggregators & more service providers. In turn, we can automate as much of your business as possible.
Connected Partners
More than half a billion quotes are processed through online channels serviced by SSP – an area featuring significant growth from the power of the aggregator.
We can connect you to online aggregators – who are responsible for huge numbers of quotes. In fact, even small insurers can receive a million or more quote requests a month! We can make sure that you’re part of this growth –& ensure that you can handle the volume of leads efficiently & cost-effectively.
To manage these volumes, access to services such as Real Time Pricing (RTP) becomes a key factor. This access ensures that prices can be controlled – based on the channel from which they are sourced.
Complementing these services with data enrichment (credit, claims, driving experience) will empower the underwriter to make informed decisions… quickly & effectively.
Industry Standards
At the core of an SSP system is the adoption, & utilisation, of standards that help to service the product build… as well as ensuring that they meet with the definitions of the markets that are being traded within.
Whether this is Polaris or imarket standards in the UK… or ACORD in the wider European & Continental markets, we can reference the implementation of these standards throughout its product suite.
This ensures an open & non-proprietary solution, where demanded, & also helps in regard to efficiency & time-savings in product delivery. In short… whatever your needs, our applied knowledge of the industry means that you can rely on us completely for expert advice, sophisticated technology & leading consultancy services.
SME Markets
Utilising our wide distribution base, we have developed connected trading solutions for Personal Lines. We have used EDI & also introduced connected trading solutions for the commercial SME sector.
Using services provided by SSP Marketplace can provide integrators with access to a trading community writing commercial business that is priced, & managed, in real time in the SSP underwriting application.
Related News
Win an iPad 3 by joining SSP at BIBA 2012
16-17 May 2012 / Manchester Central Convention Complex.
SSP is exhibiting at BIBA again this year, so come and see us on stand F9. You can get a demonstration from one of our specialists on any of our technology.
SSP white paper sets out new approach to legacy IT
Legacy IT modernisation has become risky for general insurers. Eighty per cent of replacements fail to meet insurers’ needs adequately, according to Celent. Two out of every ten projects even have to be abandoned altogether.
Get in Touch
Whether it's to refresh your core technology, internet enable your business or improve business intelligence for better agility & self sufficiency, we have a solution to suit you.
