Sirius is to expand its web-based e-trading system, Nexus, to target services affiliated to the insurance sector such as the legal and claims sectors.

At the same time the software house is to provide brokers with a full managed service provider proposition (MSP). The system, Sirius 21, outsources all the IT functions of a broker to an external server.

Sirius executive director Mike Dodd said the company had invested over £1m in developing a complete managed service which allows it to host a broker's daily business functions, such as email, Microsoft Office and accounting as well as its broking application.

"We now have approaching 70% of our users deployed on Sirius 21.

"In January 2005 we introduced a fully-managed service which we have continued to invest in and fully own, unlike some of our competitors which subcontract their outsourcing service."

Dodd added: "With the launch of Nexus last year, we are looking to expand the pure web-based offering to clients and I can see us moving to markets loosely affiliated to the insurance sector such as lawyers and claims."

He added that Sirius was in discussions with a number of clients, including Tower-gate, to expand its Nexus user base.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.