Applied Systems Partners with Paragon to Expand Real-Time Property Insurance Distribution

Applied Systems Europe today announced that Paragon, a privately-owned tech-enabled agency specialising in property insurance, has joined Applied Rating Hub. The partnership will enable Paragon to distribute five household products in real time to brokers in the Applied UK network, allowing the MGA to appear in brokers' quote comparisons directly within their rating and binding workflows.

Paragon will bring five household products to Rating Hub, including Monument, a Moneyfacts 5-star rated buildings and contents product; Monument Essentials, a more accessible tier developed in response to broker feedback on price sensitivity; Noble; Select Let; and a dedicated contents product.

"Because Paragon was founded as a high-street broker before becoming an Insurtech MGA, our approach is to go to our brokers first, ask what challenges they're facing and what products they need, and then we build," said Jordan Barnard, Head of Strategy, Paragon. "When we heard about Applied Rating Hub and saw brokers moving to Applied's platform, we wanted to be part of that. It's a genuinely unique proposition that gives brokers back control over their own technology and trading journey."

Applied Rating Hub offers a single connection to a dynamic marketplace of 30+ personal lines insurers and MGAs featuring 100+ products, enabling seamless full-cycle EDI trading across the UK insurance industry. By exchanging real-time data through a one-to-many model, Rating Hub eliminates the need for multiple insurer integrations and operational bottlenecks, helping businesses speed up market access and focus on selling products and winning clients.

"This partnership with Paragon brings exactly the kind of agile approach to distribution that will strengthen the marketplace," said Matt Wellman, senior director of Enterprise Accounts & Insurer Relationships, Applied Systems. "With their deep property expertise, multiple capacity providers, and a bottom-up approach to product development, they are well placed to serve the growing number of brokers building digital propositions on Applied's platform."