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SME E-trade business boom at Acturis

24 August 2009


Acturis brokers are now in an unrivalled position to be able to electronically trade with a panel of up to 11 different insurers for 8 SME product lines, with small commercial combined now also in live broker pilot with real transactions being processed. This is a result of connectivity with insurers via imarket, on a direct peer-to-peer basis, and products hosted by Acturis on behalf of the insurers. The impact on business volumes over the last 12-months is the dramatic:


  • Overall e-trade activity has increased by 84.2% in terms of the number of requests for quote, to nearly half a million;
  • Policy count has also increased by an impressive 79.3%, evidence also of a 5.2% increase in the average e-traded premium in the last 12-months.
  • A policy conversion rate of 50.4% comparing request for quotes numbers to bound policies.
  • Premium bound has increased by a dramatic 88.7% over the last 12-months, with approaching £90m premium SME e-traded business being placed.

Simon Ronaldson, Sales & Marketing Director at Acturis comments, “2009 is turning out to be a real breakthrough year for Commercial E-trade business. With Small Commercial Combined to be followed by mini-Fleet, plus the advent of Acturis-integrated “zero touch” SME Quote & Buy websites, we are very bullish indeed about further dramatic growth in 2009-2010. This is making a real difference to the broking sector in competing with the threat from direct and in winning business from less technologically enabled competitors.”






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