Worry+Peace, challenger broker that launched in 2015, announces today that it has entered into a new four-year personal lines partnership with leading insurance technology solutions provider, SSP. Worry+Peace, which focus on helping consumers to 'buy insurance better’ through greater use of digital technology, will adopt SSP’s Pure Broker and eSuite software.
SSP Pure Broker is a fully hosted and managed back office platform that provides a comprehensive feature set and can scale with ease as the business grows. Meanwhile, the SSP eSuite solution will provide a rich and highly flexible B2C web solution for Worry+Peace target customer segments, many of whom favour mobile and tablets and require a fully adaptive experience. Initially, the partnership will focus on collaboration across motor and home insurance innovation with scope to expand into other personal lines areas.
Stephen Lathrope, MD Customer Solutions for SSP, said: "Worry+Peace approached us and asked if we'd incubate their plans for motor and home insurance. We recognised the opportunity immediately. We felt that our focus and capabilities in addressing systemic industry issues such as fraud really complimented their modern, progressive plans for distribution. We’ll be looking to share our capability and ideas as soon as possible.”
Worry+Peace has already created a panel of four top general insurers to power products through the SSP deal, and expects to see deeper project innovation later in the year following the launch of its inaugural motor and home platforms.
James York, founder of Worry+Peace commented: "We've been working tirelessly on finding the right strategic partner and I am delighted we have reached this goal with SSP. It's clear from listening to partner insurers that our wider strategy needed insight from key experts who've powered quote volume already and know the inside track on how distribution at scale really works. We plan to work closely together on disruptive tweaks, one sprint at a time.”
Worry+Peace continues to invest in cutting edge innovations, both 'ambitious and incremental', with an API enabled system already under construction and further deals under discussion for solutions in the network and wholesale space.
“We are looking at a full capability spectrum - a manageable strategy”, added York. “To be successful we have to have the right products, the things consumers have come to expect as standard but there’s only so much we can and should code. Sometimes great partners are the best route. All my focus is on finding sustained distribution and our partnership with SSP secures a key flank, for us.”