Whitespace, the fully digital e-trading platform for brokers and insurers, today celebrates the anniversary of the first transaction on the platform. The first risk was Marine Hull business placed by Price Forbes, and written by AXA XL, MS Amlin, Talbot, Neon and Chaucer.
Since that risk was written on 20th August 2019, the Whitespace Platform has seen spectacular growth and significant success. Starting with only six firms signed up, a modest eleven risks were placed in that first month. Today there are 109 customers on the platform and monthly placements are measured in thousands.
Whitespace Chief Platform Officer, Marcus Broome, said: “Demand for the Whitespace Platform has exceeded all expectations and we are hugely grateful to every broker and carrier who supports us. Over the past year a new firm has joined Whitespace on average every 2.3 business days. The Platform is used globally with customers in three continents.”
Over the course of the first year of trading the platform has seen three major releases, the third having been built remotely during lockdown. There have also been 28 minor releases over this time, each delivered with no customer downtime. This rapid development is continuing with a fourth major release planned for September that will encompass verticalized placements and integrated video calling.