It’s the end of the bad old days for the insurance industry’s intermediary channel as the last broker moved across to the Sunrise Exchange platform. All the broker systems are working on Sunrise Exchange, and now more than 800 brokers are using the state-of-the-art service.

It’s a milestone for InsNet CEO David Brawn to savour. He led the push to convert the former insurer-owned INS from medium-tech to cutting-edge applications in the course of a few years. Sunrise Exchange has now also added more than 125 new intermediaries to its network.

Mr Brawn says the completion of the last conversion signals the “end of an era” and the beginning of a new age of web-based electronic transaction processing”.

Sunrise Exchange provides insurers with “the world’s best, state-of-the-art platform”, he said last week. “It can deliver new and innovative web-based products that are more efficient, effective and easy to use.

Mr Brawn said intermediaries will benefit from Sunrise’s more efficient and flexible way of processing transactions with the prospect of gaining access to a new range of insurer products and new enhancements like online premium funding and quoting.

The successful changeover program continues a string of recent successes for Sunrise Exchange. Last year it won the AIMIA award for best e-commerce product and was a finalist in a similar category in this year’s AIIA i-Awards.