Lancashire-based 5th Dimension Software is set to launch eBrokerXchange.co.uk, a business to business community dedicated to specialist insurance.

The company says the new community will target special scheme providers and their agents "providing them with a cost effective, streamlined way to transact business".

The system will process quotation requests, track product and sub-agent performance and benchmark business against other members of the community.

Scheme providers will be able to start transacting online when the service is launched on 31 May.