Zug, Switzerland (Nov. 25, 2020) – Global broking business Brokerslink has launched a dedicated international insurance program management platform to drive the continued growth and digitalization of its international portfolio across the organization’s broker network.
Called Space B IPA (International Program Administration), the platform has been developed specifically to meet the needs of Brokerslink’s brokers in more than 118 countries to manage and deliver structured and compliant international and cross-border programs for multiple policies and insurers from a single bespoke digital platform.
It has been created to facilitate international collaboration across the network, allowing brokers to aggregate and consolidate all types of risk and insurance information including policies, premiums, deductibles and coverages, in addition to risk assessment and management details.
Space B IPA, which can be used with all insurance carriers, has been designed and developed in collaboration with Swiss Re Corporate Solutions.
The platform will enable Brokerslink’s brokers to achieve greater consistency and continuity in the management of international and cross-border business, leveraging optimized processes and automation to increase productivity and performance, improve service delivery and provide clients with greater transparency and reduced volatility in their insurance programs.
“The launch of Space B IPA is such an important milestone,” said José Manuel Fonseca, Brokerslink chairman. “Investing in technology to enable the network to deliver solutions efficiently and effectively to clients is a strategic priority. The network thrives on its ability to actively collaborate on business opportunities leveraging their local knowledge expertise. Space B IPA not only enables this using truly innovative technology, but it will also play a pivotal role in supporting our partners’ and affiliates’ growth and their ability to deliver a consistent, world-class service.”
“Our collaboration with Brokerslink has been a success and shows our joint desire to use technology to advance corporate insurance together,” said Andreas Berger, CEO, Swiss Re Corporate Solutions. “We are excited that our IPA is now available to their network of partners and affiliates.”
“Through centralized coordination of data and streamlined management and connectivity of program and policy details the platform eliminates inefficiencies and administrative frictions and above all provides a better customer experience,” Berger added.
Based in Zug, Switzerland, Brokerslink is a global broking company that owns and manages a worldwide insurance broking network. It provides its independent partners (shareholders in the company) and affiliates (businesses which have the option to become shareholders) in more 118 countries with risk management and insurance expertise, international market connections and world-class consulting services. Brokerslink and its shareholders own and manage a network of independent brokers and risk consultancies comprising over 22,000 professionals. For more information, please visit brokerslink.com.
About Swiss Re
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organised into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission. For more information, please visit www.swissre.com.
SOURCE: BrokerslinkTags: Brokerslink, compliance, launch, platform, Swiss Re