Network will 'allow brokers to remain fully independent'
Software provider CDL is to launch a broker network for small personal lines brokers, in a bid to rival Misys' Countrywide network.
Backed by insurers NIG, Legal & General and KGM, 1Answer Network is designed to offer brokers marketing support, improved insurance facilities and better rates through increased buying power.
The scheme will also give brokers access to premium finance deals and claims services together with business and IT training and advice on new revenue opportunities. It claimed to be "the first major initiative targeting personal lines brokers in this way".
CDL general manager Rick Slater said: "The 1Answer network will create an economy of scale that allows high street brokers to improve their profitability by accessing more efficient business platforms which are normally only available to high volume operations."
1Answer Network managing director Paul Muir said: "There are a number of high street brokers running sound businesses that do not have the buying power to introduce the most efficient IT, premium finance or insurance facilities. It is these brokers who have been most at risk of acquisition and 1Answer Network is designed to offer them an alternative, while allowing them to remain fully independent."
Membership is by invitation on a regional basis, the first going out by the end of March. CDL plans to sign-up
250 members within five years, with no town having more than one member.