Motor insurer ERS teams up with Acturis to launch API product for brokers

Specialist motor insurer ERS has teamed up with software house Acturis to launch a new API-based car insurance product for brokers.

ERS Car will be based on the Acturis platform, replacing legacy electronic data interchange (EDI) messaging, a statement released yesterday (1 June 2023) said.

It said the product will provide Acturis’ brokers with access to real time pricing across new business, mid-term adjustments and renewal transactions for their customers.

This is done via Plug into ERS, an API messaging system that replaces traditional EDI products.

Martin Hall, active underwriter for ERS, said: “Enabling Plug into ERS on Acturis’ platform provides hundreds of brokers with access to our real-time pricing, data enrichment and appetite updates.

“Unlike traditional software house solutions which can take weeks to receive an update, Acturis brokers can benefit from our latest product updates immediately.”

’Next step’

EDI messaging is a way of transmitting information between two organisations electronically.

ERS said removing it was “the next step in the execution of our digitalisation strategy”.

“[It] enables direct trading with software houses without the costs and additional data flows via a third party network,” the firm added.

Theo Duchen, Acturis Group co-chief executive, said: “Insurance EDI-based messaging is from a different century.

“We were delighted to work with ERS to support their drive for this innovation and to demonstrate the open architecture of our Acturis broker and ICE insurtech platforms”.