Polaris has issued a call for more brokers to get involved in the development and maintenance of common question sets, so that the industry can continue to innovate and improve the range of digitally traded products.
Expanding on a recent article, The Evolution of Standards where Steve Waller, Head of Standards, analysed the Polaris Standards and their importance in digital trading, we are now calling out for more brokers to get involved in helping us continue to develop the Standards.
In a recent feature in Insurance Age Polaris calls for input from brokers to develop e-trading standards (content behind paywall) we mention some of the latest developments in Standards.
Below is an extract from the article.
"The industry-owned body explained that it manages standards which include the common agreed lists of questions and answers that underpin e-traded products. It detailed that it currently manages 350 codelists with over 35,000 individual values attached to them."
"The business explained that it held hundreds of hours of discussions with insurers and brokers last year to develop and maintain standards. It has previously introduced additional questions about building construction and cladding in the wake of the Grenfell Tower fire, and also built standards for cyber insurance. Earlier this year, Polaris announced new standards to cover short-term insurances in home and motor, which were developed with input from sharing economy broker Pikl. The organisation is now urging commercial and personal lines brokers to get in touch about what they would like to see next."
Are you a broker who would like to get involved in the setting and updating of Standards?
We'd love to hear from you.
Email: [email protected] stating any products in which you have a particular interest.