NMT and insureright have announced that both groups will merge so to provide regional and provincial insurance brokers with internet technology.
According to the company's this will enable them to compete effectively 24 hours a day, seven days a week for private motor insurance - to be followed by other products.
IIB director general and insureright chairman Andrew Paddick said: "A rapidly escalating volume of private motor insurance is being transacted via the internet, with the direct dealing insurers and a few major intermediaries, who have their own multi-million pound systems, `stealing a march' on the traditional broking sector.
"It is absolutely imperative that the independent broking firms throughout the UK, rapidly harness the combined powers of `clicks and mortar' in order to secure their positions and move forward - offering clients the very best of both in perfect harmony".
The insureright/NMT agreement combines the two years development work undertaken by insureright with the expense of the NMT motor insurance rating engine, which embraces over 120 (Polaris and open market) private car insurance schemes.
NMT Premier Plus managing director Barry Singh said: "Having a mature web-enabled quotation engine allows us to move quickly in providing solutions to brokers and partners throughout the industry.
"We are delighted to enter into this new joint venture agreement with insureright, which has done an excellent job in devising a solution to take brokers forward, and will now be supported by one of the best motor insurance quotation systems in the market".
The insureright on-line motor insurance quotation system, utilising the NMT question set and rating engine will be fully functional this Autumn.
