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. 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.

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.

The entire policy lifecycle can be managed in ParaCode across all parties, without leaving the platform.

ParaCodes configurable features for insurance brokers

Quickly & easily create and distribute your products via any channel


Find and transact the products your customers are asking for – commercial, personal or niche

End-to-end Insurance Solution

The ParaCode marketplace contains every FCA-registered business engaged in insurance, making it quick and easy to find trading partners.

Within the marketplace, insurers and MGAs can define any insurance product they wish and distribute it instantly to the entire UK broker base. Brokers can access products from any MGA or insurer on the platform

Cracking the Code: What Makes ParaCode Different?

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