New quote and bind facility CobraQuote has been rolled out by Cobra Network for its members.
“Helping our members get access to markets has always been a priority for us,” said chief executive Andy Tedstone in a release sent to Insurance Business. “We listened to our members’ needs and we understand their growing challenges.
“Whether or not you’re in a network, the appetite for agencies is reducing, and we have developed a solution that plugs these gaps.”
Providing Cobra members access to a broad panel of insurers and products, the new e-trade facility runs on the Acturis platform and can be operated remotely.
The network, which was acquired by PIB Group in 2019, highlighted: “Against a backdrop of reducing agency bases and increased premium limits for direct agency access, CobraQuote plays an integral role in the expansion of the Cobra Network Broking Desk.
“Formed 18 months ago, the Broking Desk is helping to fulfil Cobra’s commitment to make it simple and efficient for members to place business. Providing members with a much-needed route to markets, it offers access to an exclusive wholesale broking facility, widening their choice of markets for their clients.”
Tedstone believes CobraQuote will serve as a “huge” time-saver, with members using only one system to access products and prices that the CEO said many would not be able to get on their own.
