It has been quite the start to life for Plum Underwriting’s eTrade business.
The specialist home insurance managing general agent’s eTrade business is in its first full year of trading, but the company today issued a statement outlining that it expects to exceed £12 million in premiums.
The complete rollout of its full cycle EDI products is still continuing, but the company is rapidly expanding its output with CDL the latest software house to offer its eTrade products. Brokers using CDL with Plum agencies have access to eFlex and eLet: eFlex provides specialist and non-standard household buildings, contents and valuables cover; while eLet is for UK residential landlords who own either individual properties or large portfolios and covers buildings and contents for a wide range of tenancy types.
“Continuing the roll out of our eTrade products with CDL is an important step in the expansion of our broker footprint, offering an efficient service to brokers to meet the needs of their customers,” said Simon Lewer, business development director. “We are committed to providing brokers with greater choice in the placement of non-standard risks through our successful eTrade strategy.”
“Plum has grown significantly over the last two years since we completed our MBO, backed by Global Risk Partners, and eTrade is an important part of this success,” continued David Whitaker, managing director. “This greater access for brokers combined with our underwriting expertise, clear business appetite, new products and the acquisition and integration of high net worth MGA Synergy, has seen GWP grow from £15m to £40m over the period.”
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