Applied Systems has announced a 48% jump in the gross written premium traded on its commercial lines e-trading platform in the 12 months to March 2024. It said the number of brokers using its Applied Epic broker management system had increased by more than 20%.

Tom Needs, chief executive officer of Applied Systems Europe, said: “Today’s brokers are facing new business challenges and a market where growth opportunities are in new segments of the business that require different ways of trading and doing business.

“We are focused on providing our broker customers with the simple, modern experiences they demand and the response by the market and our customers continues to show the thirst in the UK broker market for new innovation.”