the challenge
1 Answer Network, one of the UK's leading broker networks, recognised a gap in the marketplace when it came to the small and medium enterprise (SME) sector. With significant demand for a more commoditised approach, 1 Answer sought to extend its high level of personal lines automation to SME lines and offer a resilient, scalable platform that would support a panel of leading insurers.
the challenge
1 Answer Network, one of the UK's leading broker networks, recognised a gap in the marketplace when it came to the small and medium enterprise (SME) sector. With significant demand for a more commoditised approach, 1 Answer sought to extend its high level of personal lines automation to SME lines and offer a resilient, scalable platform that would support a panel of leading insurers.
key issues
  • Automation of the full SME lifecycle, from quotation through sales and administration to reporting
  • Resilient platform and scalable model
  • Opportunity to control pricing in real-time
  • Ability to support a panel of insurers
  • Bespoke solutions alongside standard offerings
key issues
  • Automation of the full SME lifecycle, from quotation through sales and administration to reporting
  • Resilient platform and scalable model
  • Opportunity to control pricing in real-time
  • Ability to support a panel of insurers
  • Bespoke solutions alongside standard offerings
the solution
Working with CDL, 1 Answer Network developed a market-leading proposition that delivered an unprecedented level of automation to its members. CDL's Strata solution enabled 1 Answer to offer a powerful, scalable and affordable trading platform, supporting SME as well as personal lines. The platform delivered on the immediate needs identified for this sector, such as pricing control, as well as having the capability to meet longer term aspirations for digital transformation.
the solution
Working with CDL, 1 Answer Network developed a market-leading proposition that delivered an unprecedented level of automation to its members. CDL's Strata solution enabled 1 Answer to offer a powerful, scalable and affordable trading platform, supporting SME as well as personal lines. The platform delivered on the immediate needs identified for this sector, such as pricing control, as well as having the capability to meet longer term aspirations for digital transformation.
the benefits
  • Powerful, scalable digital trading platform
  • Full integration of online and back office systems
  • Real Time Pricing enables 1 Answer and its members to be competitive, adjusting pricing in real-time according to risk, insurer appetite and market competition
  • Improved quality of new business acquired
  • A far slicker solution for brokers who want to specialise in SME or add it to their personal lines offerings
the benefits
  • Powerful, scalable digital trading platform
  • Full integration of online and back office systems
  • Real Time Pricing enables 1 Answer and its members to be competitive, adjusting pricing in real-time according to risk, insurer appetite and market competition
  • Improved quality of new business acquired
  • A far slicker solution for brokers who want to specialise in SME or add it to their personal lines offerings