Better Controlled,
Lower Cost
Business Acquisition

Generation Insurance Software have developed and operate a Software System that allows Brokers to transact business with a high level of freedom and efficiency.

The Software has been produced with development experience that goes back over 10 years in the insurance sector, and now, whilst being highly user-friendly, is reckoned to be as sophisticated as anything else operating in the UK marketplace.

At the moment at which the risk is bound both the Insurer and the Broker are using the same platform, they are both firmly in the same driving seat as they should be.

Distributed Authority

We believe that this distributed authority software we have developed for use within broker offices will become a generically accepted tool of business for Insurers and brokers over the next five years.

Generation is growing with the partnership of high quality composite insurers and the support of serious and committed brokers, and is continually advancing the technology that drives the success.

The philosophy behind the Software, the way it works and the clear value to the broker, are detailed by the summary of the system features that follow:

Our Thinking

Simple principles put into practice.

* Total recordable transparency

* Use of unbreakable IT security

* Maximum use of IT advances to add controls to all activity (including a compliance to FSA Standards) and produce greatest streamlined working & staffing cost efficiency

* Available at no cost to Brokers registered and approved by Generation and the Insurer

Our Product

Generation's copyrighted underwriting Software system handles commercial package insurance business. The Insurer supplies Generation with their rates and underwriting parameters and Generation incorporates them into the Software, which is made available to approved Brokers allowing them to quote with ease, bringing up, at one keyed session and in seconds, comparative quotes from all participating Insurers. It allows the Broker to 'bind cover' on a risk without referral and administer that risk over the period (including mid term adjustments) with all necessary and applicable documentation.

Our Commitment

Generation handle all operational contact with the Broker, including IT support and training, bordereau management (software generated) and payment. There are no referrals to the Insurer, who otherwise retains standard 'agency' and 'audit' rights to the registered and approved Broker.

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