Howden Revolutionizes Broker Services with Auto Tracker
Howden has unveiled the Howden Auto Tracker, a groundbreaking automated follow-form facility that seamlessly integrates tracker and algorithmic capacity. This innovative platform offers brokers streamlined access through a singular data source, enhancing overall efficiency. By bridging connections with carriers, it ensures automatic capacity within predefined guidelines, while also providing the flexibility for additional insurers to join the platform.
Initially, Howden Auto Tracker is set to offer up to 25% capacity across client portfolios. However, by 2026, the platform aims to expand significantly, securing 100% digital capacity behind selected lead markets and introducing renewals to further simplify processes.
The launch of this platform is a continuation of Howden’s auto-follow strategy, which leverages Ki’s digital follow technology, a groundbreaking initiative introduced in 2021 with backing from Blackstone. Supporting this platform is a coalition of insurers, including QBE, which brings additional expertise and capacity.
Paul Towler, the Chief Broking Officer at Howden Specialty, commented, “Howden Auto Tracker enhances speed, efficiency, and alignment with our strategic partners, allowing rapid capacity acquisition from a single source. This enables our brokers to focus on securing optimal lead terms. Clients benefit from expedited, reliable quotes, with increased capacity backing the most competitive lead markets.“
Strategic Acquisitions Bolster Howden’s Market Presence
In tandem with the Auto Tracker launch, Howden is expanding its services through strategic acquisitions. The firm has recently reached an agreement to acquire Barnett Waddingham, a UK-based professional services consultancy specializing in risk, pensions, investment, and insurance. This acquisition is poised to enhance Howden’s capabilities in pensions advisory and support its broader growth strategy, particularly in the employee benefits sector.
Established in 1989, Barnett Waddingham operates from 10 locations across the UK, serving a diverse client base.
Moreover, Howden Scotland has acquired a portfolio from SKB Independent Insurance Brokers Limited, an Edinburgh-based firm providing comprehensive insurance services to businesses throughout the UK. Following the acquisition, SKB will be rebranded as Howden and integrated into Howden Scotland’s Edinburgh team, thereby expanding Howden’s network, which comprises over 200 branches across the UK and Ireland.
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