About us

Polaris is an insurer and broker owned body that’s dedicated to setting the standard for the UK general insurance industry. We develop e-trading Standards that are used market-wide – by insurers, brokers and software houses. We also provide the products and services that support the implementation of these Standards – ProductWriter Suite and imarket.

We’re committed to staying ahead of developments within an ever-changing industry and providing expert guidance you can trust. Our ultimate goal is to help our customers deliver their products and services in the most hassle-free and cost-effective way.

Polaris facilitates an electronic marketplace in retail insurance by:





  • Working with insurers and intermediaries to derive working models (Standards) that support current and new market requirements for electronic trading.


  • Providing software (ProductWriter) for retail insurance product definition which reduces the costs of scheme development and accelerates the speed at which products can be brought to market and modified.


  • Providing an electronic trading infrastructure (imarket) facilitating access to insurer services by intermediaries over a secure network.



Our timeline

    • ProductWriter first line support moves in-house
    • imarket reaches 6,000 live-chats per month
    • imarket breaks through 300,000 policies a year
    • The Polaris Online Database (POD) becomes truly online, providing subscribers with browser based access to code lists, message definitions and structures for EDI messaging.
    • imarket Live-Chat service is launched providing imarket integrated Brokers with a single solution to chat with Insurers.
    • Polaris introduces its 'Good Customer Outcomes' initiative. Helping brokers secure good outcomes for their clients via their imarket e-trading solutions
    • Polaris rebrands and launches its new website
    • imarket contract with IBM is renewed, including a transition to host imarket on IBM cloud
    • QBE becomes the latest insurer to provide commercial insurance products via imarket
    • Polaris celebrates 20 years of supporting the industry
    • RSA & Allianz go live on imarket with new products
    • Open GI announces plans to integrate their commercial e-trading platform with imarket
    • Extension of Logica UK Limited’s ProductWriter contract until 2019
    • Our ProductWriter rating engine (RTE) powers the launch of Irish insurer FBD’s new website in just three months
    • Schema based dictionaries launch, allowing easier product definition
    • Work begins to integrate software house systems with imarket
    • imarket platform launches for the trading of commercial lines insurance between brokers and insurers
    • IBM appointed to handle technical development and implementation of imarket
    • The Association of British Insurers transfer their e-trading support services to Polaris following an internal reorganisation, bringing all UK general insurance standards together under one roof – Polaris.
    • The Commercial Lines Market Initiative (CLMI Limited), which previously controlled commercial lines standards, merges with Polaris
    • Polaris appoints Logica UK Ltd to handle technical development, implementation and customer support activity for ProductWriter
    • ProductWriter launches
    • Polaris founded by Commercial Union, Eagle Star, General Accident, Guardian Royal Exchange, Norwich Union, Royal Insurance and Sun Alliance

Board members

Members
Ms C Taylor Ageas Insurance Limited Head of Commercial Underwriting and Operations
Ms H Bryant Allianz Director, SME & Corporate Partnerships
Ms H Canham Aviva Head of Underwriting - Strategy, Capability and Customer Integrity
Mr S Pearce Arthur J. Gallagher (UK) Limited Chief Operating Officer
Mr D Soni AXA Insurance plc Director of Commercial Intermediary
Mr M McLachlan Polaris U.K. Limited Managing Director
Mr P Trivett RSA Insurance Group plc Regions Underwriting Director
Mr J Dawson Zurich Insurance plc Commercial Broker E Trade Manager

Shareholders

Insurers
ACE
Ageas
AIG
Allianz
Aviva
AXA
Ecclesiastical
NIG
RSA
Zurich Financial Services
Brokers
Aon Risk Services
Gallagher UK
Jardine Lloyd Thompson
Marsh
Towergate
Willis Towers Watson