Insurtech ecosystem specialist Quotall announced today that it has entered into a three-year strategic partnership with Markham Private Clients to provide an e-trading service for business-to-business wholesale use through the Quotall insurance ecosystem.
This is the fourth such deal that Quotall has put together in the past few weeks following on from the announcements made last month revealing partnerships with Acrisure, MCE Insurance and retail giants WHSmith.
Under the terms of the agreement, Quotall will develop a High Net Worth e-trading system for Markham Private Clients to expand its High Net Worth broker panel and facilitate an electronic trade, quote and buy facility for its broker partners for their UK Home Insurance products which include contents, assets, property fine art and jewellery insurance.
Quotall CEO Simon Ball said, “We’ve been working on a digital strategy for a few months with specialist insurance MGA Markham as we have been seeing high demand for our service with a growing number of brokers looking for a solution for specialised insurance products.
This is yet another exciting next step in our evolution, and another new disruptive entrant who has seen how insurtech can invigorate, empower and enable an insurance brand to challenge its market and model. We’re very pleased to have entered into this strategic agreement with Markham who have an excellent reputation in the High Net Worth market and such an extensive broker panel.”
Giles Greenfield, CEO of Markham Private Clients, added: “We are delighted to be working with Simon and his team at Quotall to help build out our Private Client High Net Worth offering to our broker panel throughout the UK. At Markham Private Clients we strive always to provide exceptional service which is fundamental to our business, and this new Etrade quote and bind facility will enhance our existing High Net Worth offering and the day to day interaction with brokers. We look forward to continuing our relationship with Quotall on a long term basis as both theirs and our business go from strength to strength.”