Willis Group Holdings has announced the launch of a new e-trading comparison platform, Willis eQuote, for the exclusive use of Willis Networks members in the UK. The online trading portal is the first of its kind in the market.
Willis Networks is the Group’s alliance with over 130 independent brokers in the UK. The exclusive relationship with Simply Business provides Willis Networks members access to small business insurance products for over 800 trades across the construction, professional, retail, pubs, restaurants and landlords sectors. Insurance policies are provided by 12 insurers including Aviva, Axa, Zurich and RSA.
Through the development of the new Willis eQuote platform, Willis Networks members will be able to compare and bind Simply Business insurance products online on behalf of their clients, enabling brokers to be able to compete more effectively in a price sensitive market. Importantly, Willis Networks’ independent broker members will be able to utilise the smoother, faster process when placing their small business clients’ insurance.
Sara Fardon, managing director, Willis Networks says of the alliance “We were seeking a solution to help our brokers compete more effectively in the small business insurance market place. The high quality services and advice provided by our members combined with Simply Business’s product set and the efficiencies of an online comparison trading platform will enable Willis Networks members to offer something truly compelling and unique to help them compete in their local markets.”
“By entering into this exclusive alliance, the Willis Networks have assured their places as innovative Networks enabling the growth of their members. Simply Business has proved itself to be a progressive organisation, continually developing its products and platform to offer clients an excellent service.”
Chris Slater, coo at Simply Business, said: “We pride ourselves in our agile approach to bringing products to market, and so this opportunity to partner with Willis in the broker space is hugely exciting.”
“Simply Business is looking to build on its success in the online SME market by working with Willis to create a unique platform for brokers to trade such business and continuing to challenge the technology options available to the insurance industry.
Willis eQuote will keep evolving as technology and products are continuously updated, offering the most competitive platform to anything else out there in the industry.”
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