SME online insurance specialist BizCover has launched a new platform called Blaze to improve the experience of its customers and allow easy onboarding of new products and partners.

BizCover customers can buy Professional Indemnity and Public Liability insurance on Blaze for a set of occupations, and pay either monthly or yearly, as well as cancel a policy.

The insurtech will soon release a new version allowing amendment of a policy, and the team is also adding more products and occupations which will transition more of its customers to Blaze.

"We have an incredibly talented team with the full support of the executive team to make this happen,” BizCover’s Head of Engineering Justin Goldberg said.

Changes can be delivered on Blaze multiple times a day and he says the new “microservice” platform is still “very much” in development.

“Instead of waiting for all the pieces to be compiled into one finished product … the structure of the platform is up-and-running and usable before we add more complex microservice houses. Each house or microservice is a fit-for-purpose system that just does one thing and does it well,” Mr Goldberg said.

Switching from a “monolith” to a microservice platform has facilitated rapid growth as BizCover looks to scale up after recently launching its online business insurance platform in South Africa, featuring products from Hollard Insurance and Discovery Insure and more insurers expected to join.

AUB Group has a 40% stake in BizCover, which is headquartered in Sydney and has operations in San Francisco and Auckland. BizCover has previously said it has 177,000 SMEs insured through its platform globally and has processed 650,000 policies using its technology.