Cuttleflow Marketplace: win clients online, then submit once and quote from every market

Underwriting Agencies Council (UAC)

About this session

Presenter: Max Broodryk, Founder and Executive Director, Cuttleflow Systems This session starts with the client acquisition tools that Cuttleflow provides for brokers: Industry pages and enquiry forms that run on the broker’s own website. A shareable link and QR code. A client app. As a business owner fills in a submission or an enquiry, on the website or in the app, they can see an indicative or binding quote, depending on what our participating underwriters have set up. The broker receives the enquiry with the answers already filled in as a warm, qualified lead. It then shows how the Cuttleflow Marketplace handles placement. The broker submits the risk once, on a standard question set and wording. Underwriting agencies and insurers receive complete submissions, checked against their own appetite rules, and price them on the platform, in their own rater or through an API. The broker compares quotes side by side and binds on the platform. Brokers can place a comprehensive range of 25 insurance classes in eight product groups through the Marketplace, subject to underwriter participation in each class. All are on open Commons wordings: Professional indemnity: professional indemnity (with profession wordings), financial services professional indemnity, technology liability. Management liability, D&O, crime and cyber: directors and officers, Side A D&O, management liability, investment managers, comprehensive crime, cyber. Medical: allied health, medical establishments. Liability and construction: public and products liability, excess of loss, construction all risks and liability. Business, property and cargo: business package, strata, marine cargo. Motor: commercial motor (single vehicle to fleet), private motor. Accident and travel: personal accident and sickness, group personal accident and sickness, corporate travel, travel. Home and landlords: home and contents, landlords. Excess of Loss insurance. The session is built around an interactive walkthrough, so particip