Recorder

Labour's first budget has increased the rate of National Insurance (NI) that businesses pay for their employees by 1.2 percentage points to 15%. They also lowered the earnings threshold at which companies start paying from £9,100 to £5,000. How this impacts insurance brokers EBITDA: Increased operating expenses: This change directly increases the cost of employing staff. Since NI is an expense, it squeezes a broker's EBITDA. Recorder's platform is designed to help brokers drive operational efficiency with a focus on increased income per employee. #InsuranceBrokers #EBITDA #OperationalEfficiency #Growth #UKBudget

Insurtech UK members are invited to the Partnerships Day, our next half-day conference taking place during the afternoon of Monday 18th November in the offices of Swiss Re in central London. The event will explore and celebrate successful partnerships, bring together insurers and insurtechs to share and learn from experiences of working together, and facilitate potential future collaborations through pitching sessions and a networking drinks reception. Agenda: 1.30pm - Arrivals and networking with refreshments 2.00pm - Welcome from Insurtech UK and Ruta Mikiskaite, Swiss Re 2.10pm - Speech: The ever-evolving value of partnerships - why and how insurers work together with insurtechs  2.25pm - Speech: Partnering in practice  2.35pm - Fireside chat: Forging successful partnerships - the dos, don’ts and everything in between!  3.00pm - Panel: Overcoming onboarding challenges to accelerate opportunities 3.30pm - Coffee Break 3.45pm - Briefing: Invitation to forthcoming Hong Kong trade mission  3.50pm - Pitching sessions with: Recorder ParaCode Vitesse PSP Limited @ClaimSorted DashCamShare Claim Technology 4.50pm - Networking drinks reception 5.45pm - Close Please note that attendees will only be let into the conference at the start from 1.30pm to 2pm and during the coffee break at 3.15pm - 3.45pm due to a high security measures at the Swiss Re offices at The Gherkin. All attendee must also present their ID at the entrance! Register at https://lnkd.in/ejk2_yfH

Introducing our new Quote Comparison & Client Presentation Tool! Say goodbye to the old days of manually creating and emailing client presentations in Word. Our latest feature lets you effortlessly compare quotes side by side and generate professional, digital presentations for your clients. With a sleek, branded web page, you can now deliver clear recommendations and polished presentations in a couple of clicks. Want to see it in action? Check out the video below.   #InsuranceBrokers #QuoteComparison #ClientPresentation #InsurTech #BrokerTools #Innovation #CyberInsurance #ClientExperience Nice work Matt Renshaw & David Hoare

At #BrokerExpo24 last week, dozens of brokers highlighted the top challenges faced by the industry. The primary concern shared was the burden of re-keying, closely followed by compliance issues, which often stem from the same source - re-keying inefficiencies. If you find yourself exhausted from endless re-keying of client data, this article delves into the transformative power of automation in streamlining processes and driving cost savings for your insurance brokerage. #insurance #automation #efficiency #datamanagement

Great day at #BrokerExpo24 A huge thank you to everyone who stopped by our stand today! It was fantastic to connect with so many of you and share insights about the future of commercial insurance technology. We appreciate your interest and look forward to future collaborations. #insurtech #insurancebroking #quoteandbind

Are you ready to revolutionize your brokerage with the latest in AI and API technology? Join us at Broker Expo to dive into a session that will reshape your workflow:  Practical applications of AI & APIs in the broker workflow with Matt Hicks, Recorder & Liam Green, Capsule Insurance ✅Discover how AI benchmarking can help you advise clients on their existing cover. ✅Learn how AI-powered document scanning automates data ingestion, speeding up client onboarding and reducing manual work. ✅Explore how API integration can enrich your view of the customer by pulling in golden source data for deeper insights and reducing the burden on the client. ✅Hear how instant quotes direct from carriers via APIs can streamline your quoting process and boost client satisfaction Register now for your complimentary pass to Broker Expo: https://lnkd.in/dCe5zVMx #BrokerExpo24

Coming up for air after a hectic professional indemnity renewal season? At Recorder, we’ve been working hard to make renewals smoother and faster for you and your clients. That’s why we’re excited to introduce our new Professional Indemnity (PI) forms, designed to save time and reduce hassle. With pre-filled data from last year’s forms, your customers only need to update what’s changed – no more starting from scratch! It’s all about delivering a seamless experience and getting those quotes faster. Ready to make renewals a breeze? Check out the video for more! #InsuranceTech #Brokers #Renewals #PI #DigitalTransformation

Why a Digital Risk Capture Journey is Critical for Commercial Insurance Brokers in 2024. Link to article in comments #insurtech #CX #brokertech