Another double-digit jump for Polaris’s imarket takes premiums to £449m in 2024
Insurance premiums placed through digital trading platform imarket rose 15% to £449m in 2024 as Polaris built on surges in recent years.
The double-digit increase has followed the premium total growing 21% in 2023 to £394m. Before this it rose by 15% year-on-year to £322m in 2022.
The latest figures showed the number of policies traded on imarket ticked up by 3% to 546,449.
The industry-owned organisation (see box) listed that mini fleet saw GWP growth of 34% to £84.5m and property owners, which makes up nearly half of the GWP in imarket grew by 18% to £219.5m.
ConnectHoursPolaris reported that its Electronic Trading Practice Groups
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