Broker Insights, a commercial insurance technology company, has reshuffled its leadership team to propel its growth in the UK and facilitate its expansion into the US market.
The company has appointed Peter Scott as the new CEO, a role he assumes after a six-month advisory tenure with the company.
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With over two decades of experience in leading high-growth tech businesses and a track record of international success, Scott has been tasked with steering Broker Insights into its next phase of development.
Scott’s leadership background includes senior interim positions at FTSE 100 and private equity companies, as well as spearheading a joint venture between Dixons Carphone and Sprint in the US.
Meanwhile, Broker Insights founder and outgoing CEO, Fraser Edmond, will take on the role of president.
In this position, Edmond will focus on the company’s international expansion, dividing his time between the UK and the US, and maintaining engagement with UK customers and stakeholders.
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By GlobalDataThe leadership restructuring also includes the upcoming introduction of two commercial directors at Broker Insights.
These roles will be dedicated to managing specific customer segments, aiming to enhance customer service and drive business performance.
Edmond said: “We are delighted Peter is joining us at this exciting phase in our company’s journey as we accelerate our growth and expansion. We have some amazing new products launching later this year that will reinforce our commitment to bringing data-led decision making to the insurance industry.
“We are creating a global leader in the commercial insurance market and bringing to life our company’s mission to ‘empower the commercial insurance industry through data-driven decisions’.”
Scott added: “Broker Insights’ performance and progress to date have been exceptional. The business is well-positioned to further grow in the UK and launch in the US, and I look forward to continuing to work closely with Fraser and the executive to take Broker Insights to the next level both here in the UK and also the US.”
Dundee, UK-based Broker Insights offers data-driven solutions that are used by insurance brokers to gain insights for better placement decisions.
In late 2021, the insurtech secured over £6m in a Series A funding round.
The round was led by Mercia Asset Management and saw continued support from Chroma Ventures, which had provided seed funding in 2018, alongside contributions from a cohort of private investors from the UK and US.
