E-trade for everyone
The Marketplace-Enabled Policy Administration System
ParaCode is a complete policy admin system including an open etrade platform that enables business to be conducted quickly and easily between all parties.
Fast and efficient product creation
Insurance products can be created directly within the ParaCode platform more quickly than on any other system, typically in under a day.
These can then be published to the ParaCode marketplace where they are visible to every other party in the market. Parties wanting to sell the products that they find in the ParaCode maketplace can request an e-toba through the marketplace and can start capturing risk data, requesting quotes and incepting policies as soon as this is granted.
ParaCode overcomes the restrictions of fixed question sets, product standards and EDI messaging by employing Dynamic Distribution to enable insurers and MGAs to directly publish and brokers to find and transact any product – commercial, personal, or niche, without expensive delays.
Because the system is user-friendly, training team members has also been an easy process ”
Policy Administrator - KBIS
This was unheard of on the old system. We built an entire product in less than a day. ”
Managing Director & Yacht Manager - Stoneways Marine
I have said that multiple times and I will say it again. ”
Equine Underwriting Manager - The Underwriting Exchange (Ireland)
ParaCode Marketplace for MGAs and Insurers
Quickly & easily create and distribute your products via any channel
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.Find Out More
ParaCode Marketplace for Brokers
Find and transact the products your customers are asking for – commercial, personal or niche
Now you can have etrade access for all types of products, all from a single location.Find Out More
Cracking the Code: What Makes ParaCode Different?