Insurtech underwriting agency Blue Zebra will this year transfer to the “next level” of its systems platform.

Blue Zebra was launched in 2018 with the aim of bringing personal lines back to brokers, but has increasingly expanded into other areas including SME, commercial motor, cyber and accident and sickness.

The company invested heavily in technology and data as part of efforts to stay “lean and nimble”, and MD Colin Fagen told insuranceNEWS.com.au adaptability is key.

“Our system and our tech is brand new but the ability to adapt is crucial. We are about to move to version 2 of our system and this will give us next-level scalability.

“We believe we will be able to write $500 million of business with 40 people. Products can now be built in four to six weeks, and that speed is very important.”

Mr Fagen says other underwriters are increasingly attracted to using the Blue Zebra system, with one agency about to take it up and insurers showing interest.

“We’re pretty excited about this and we’re starting to look at offshore opportunities,” he said.