Marsh joins Whitespace platform

Marsh, the world's leading broker and risk advisor, has announced plans to roll out the next phase of its digital trading initiative for risks placed in the London market.

The rollout will be delivered through Verisk's Whitespace. Following a successful pilot in 2023 and over $400 million of premium traded, Marsh will be expanding its use of digital trading across UK Specialty and international placement in 2024. They anticipate that more than 90% of client premium in the segment will flow through the platform by the end of the year. 

By prioritising data first, Marsh is paving the way for its clients and unlocking transformational benefits across the entire insurance ecosystem.

Tim Rayner, CEO at Verisk Specialty Business Solutions, added: "Our collaboration thus far with Marsh has led to meaningful improvements to the platform, benefiting the London insurance market. As we continue to scale the platform, we expect the arguments for a fully data-first marketplace to become increasingly compelling.”