Broker Insights, a UK-based InsurTech that is transforming the way brokers place commercial insurance policies, says it has marked another first with the latest version of its platform.

The firm says its VISION platform now uses AI and data insights to help brokers identify businesses with gaps in product coverage – in particular cybersecurity or management liability insurance – and quickly quote and bind a policy.

The move will not only help brokers to increase revenue, it says, but could also increase uptake of cybersecurity insurance.

This currently stands at just 2.8% of businesses, according to Broker Insights’ figures.