ParaCode officially launched at BIBA 2022 and what a year it has been!
New employees, new customers, 5 award nominations, more events attended and now at BIBA 2023, not content with offering our core software platform, ParaCode announces its ground-breaking marketplace where any kind of product can be published, searched AND transacted quickly and cost-effectively.
ParaCode will be the only platform you need, revolutionising distribution to the entire insurance industry.
Available to all insurance players
The ParaCode marketplace is available to all insurance players. Unlike other marketplaces that simply allow products to be searched, ParaCode allows brokers and insurers to establish relationships online and begin transacting lines of business immediately.
All in under a day’s work!
ParaCode allows MGAs/Insurers to define any insurance product in under a day, including questions, forms, rating, and documents, and then make it available in the ParaCode marketplace. Brokers can find products, request e-TOBAs and start selling those products immediately.
ParaCode already has over 100 products on its platform with many more MGAs and hundreds of products signed up to join the platform imminently. All parties benefit from ParaCode’s cutting-edge end-to-end policy and claims administration capabilities.
To learn more, please come and see us at stand E81
and attend our Fringe session ‘Revolutionising Distribution’
on Wednesday 10th at 4:10pm
Fringe session
The session will focus on the challenges that insurers and MGAs are currently facing today to distribute their products to the marketplace in a timely and cost-effective fashion. We will also be addressing the barriers that Brokers face in accessing insurance products in the marketplace.
The key topics discussed will include:
- the technical difficulties of e-trading
- the problem of product definition
- the organisational challenges that arise when bringing new products to the market.
Specifically addressing the barriers start-ups and new entrants to market face.
Q&A
Lastly, the session will conclude with a discussion of potential solutions to these challenges and opening Q&A to attendees.
Jim Parsons, CEO and Will Prest, Product Manager will be presenting the session.
