Leaving you free to innovate and trade as you wish.
ParaCode
Marketplace
for MGAs and Insurers
Manage All Channels
As an MGA or insurer, you can use ParaCode to define data capture forms for each product, for all channels – your own service desk, each broker, introducer and web portal. You can control rating, loadings and discounts, commission, referral conditions and document generation for each channel.
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Streamlined Control
The marketplace control panel allows you to define your company and product profiles in the marketplace. Once published, you have full control over your product’s appearance in the marketplace or you can opt to keep a product private for internal use only, or extend product access directly to just one or a few select brokers.
Maintain Complete Control Over Your Products Post-Trade
Once you are trading with your brokers, you retain control over all aspects of the product and can change data capture forms, rating or document generation at any time.
Contact UsFlexible Quoting and Underwriting Processes
You can allow brokers to complete forms and receive a quote immediately or you can set referral conditions so that underwriting can happen in-flight, and a quote is sent once underwwriters are satisfied. ParaCode includes notifications between parties to ensure that everything happy efficiently on-platform. Brokers can also conduct MTAs and renewals if you allow this.
Immediate Data Access
Unlike traditional etrade systems, ParaCode gives you immediate access to customer, quote and policy data as soon as the broker submits a quote request or incepts a policy or MTA. And there are no more per-policy EDI fees!
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“
The launch of the masterplan binder on ParaCode has been a huge time saver for the department.
Because the system is user-friendly, training team members has also been an easy process ”
Because the system is user-friendly, training team members has also been an easy process ”
Kate Horne
Policy Administrator - KBIS
“
ParaCode is making a massive difference. I have managed to do half a month of renewals on my own in two days.
This was unheard of on the old system. We built an entire product in less than a day. ”
This was unheard of on the old system. We built an entire product in less than a day. ”
Keith Lovett
Managing Director & Yacht Manager - Stoneways Marine
“
ParaCode has been a game-changer.
I have said that multiple times and I will say it again. ”
I have said that multiple times and I will say it again. ”
Brendan Ryan
Equine Underwriting Manager - The Underwriting Exchange (Ireland)
ParaCode Marketplace for Brokers
Find and transact the products your customers are asking for – commercial, personal or niche
For the first time ever, you can have complete direct access to etrade all of your products with the entire broker market, from a single well-organised control panel.
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