Bravo Networks has unveiled what it says is its most substantial digital advancement in two decades.
The network – which houses both Broker Network and Compass – has announced the introduction of Bravo Digital Trader, a digital trading platform that aims to service the SME regional business sector. This sector forms the core of Bravo Networks, accounting for around 80% of the cases handled by its members.
The announcement was made during Bravo Networks’ annual conference, which saw over 700 delegates and 50 exhibitors gather at the Hilton Metropole in Birmingham.
Bravo Digital Trader is designed to enhance the digital trading capabilities of network members by providing them with exclusive access to e-trade panels. The initiative aims to expand digital placement opportunities significantly.
The platform is engineered to align cases with insurers’ appetites and to offer real-time updates throughout the quoting process. Its goal is to streamline trading processes by incorporating third-party data and refining the sets of questions asked to make them more targeted and efficient.
Bravo Digital Trader also introduces a custom-designed user interface along with access to exclusive panels. Its launch is part of the broader Bravo Networks Accelerator program, a comprehensive suite of tools focused on data trading and service, aimed at improving the connectivity between network members, regional brokers, and insurer partners.
Also central to the new program is Bravo Insights, a tool that provides network members with insights into their current portfolios. Bravo Insights was announced a year ago during the same conference in Birmingham.
Scott Bennett, managing director of Bravo Networks, expressed his enthusiasm about the launch.
“Bravo Digital Trader represents a significant milestone in our mission to revolutionise commercial lines trading,” Bennett said. “We believe that by leveraging technology and innovation, we can empower our members to trade more efficiently, unlock profitable business opportunities, and ultimately deliver better outcomes for our members’ policyholders.”
Nikki Lidster, head of SME trading at Zurich, also commented on the platform’s launch, saying that it marks a milestone in the digitisation of the industry.
“This new e-trade offering is a real game changer and we’re really excited to be part of this development and are delighted to have written the first policy,” Lidster said. “We look forward to the further opportunities this will bring to our partnership with Bravo Networks.”
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