ParaCode
Marketplace
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.
Dynamic Distribution
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.
“
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 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.
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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 MoreCracking the Code: What Makes ParaCode Different?
No Code No Capex No Constraints - there are no up-front costs to trade on the ParaCode marketplace
Any FCA-registered business can trade on the ParaCode marketplace
In keeping with ParaCode’s ethos, any products can be created and published immediately through the ParaCode marketplace via self-service
It’s the only platform that allows you to not only find products but establish e-TOBAs and transact products too
ParaCode is product agnostic, supporting niche, commercial and personal lines
All users of the platform are in complete control of the relationships they establish on the marketplace
Brokers have access to our complete core platform allowing them to trade with any insurer or MGA