API Development for UK Insurance — FCA ICOBS Built In
ClickMasters provides API Development for UK Insurance businesses with FCA ICOBS, Consumer Duty compliance from Sprint 1.
Key Highlights
Compliance
+2 more standards
Pricing
API Development for Insurance — UK Specifics
Insurance Industry API Ecosystem
UK insurance APIs: Lloyd's Marketplace API (policy placing and capacity allocation), Acturis API (broker management system — market share ~35% UK brokers), OpenGI API (broker platform), SSP Avante API, Motor Insurance Database (MID) API (mandatory for MVC claims), CUE (Claims Underwriting Exchange) API (claims history — mandatory for FCA compliance), and Insurance Premium Tax API (HMRC IPT return automation).
FCA ICOBS API Requirements
ICOBS demands and needs: each insurance product sold via API must match the customer's stated demands and needs. API design: product recommendation APIs must return only eligible products for the applicant profile. Cancellation: 14-day cooling-off period must be trackable via API — cancellation endpoint required with refund calculation. Fair treatment: API must not return products the customer cannot validly claim under.
Lloyd's Placing Platform API
Lloyd's PPL (Placing Platform Limited) API: electronic placement of Lloyd's risks. API capabilities: risk submission, capacity negotiation, quote binding, endorsements, and cancellations. Lloyd's Marketplace API: capacity allocation from Lloyd's syndicates, premium calculation, and settlement via ECF (Electronic Claims File). ClickMasters has Lloyd's PPL API integration experience — requires Lloyd's Market Association (LMA) technical standards compliance.
Solvency II UK Reporting API Architecture
Solvency II UK: Quantitative Reporting Template (QRT) data feeds. Insurance software APIs must provide structured data export for QRT generation: premium data (S.05.01), claims data (S.19.01), investment data (S.06.02). Automated QRT generation from API-driven insurance systems reduces quarterly reporting time from days to hours.
Compliance
FCA ICOBS
Consumer Duty
Solvency II UK
UK GDPR
Lloyd's API
BIBA standards
Compliance & Regulations
Every solution we build for this industry is designed to meet the following regulatory and standards requirements.
FCA ICOBS
Consumer Duty
Solvency II UK
UK GDPR
Lloyd's API
BIBA standards
Investment Options
Flexible engagement models tailored to your insurance project requirements.
£10,000–£60,000
Full engagement
- Industry-specific approach
- UK GDPR compliant
- Dedicated technical lead
£3,500–£8,000
Scoping
- Industry-specific approach
- UK GDPR compliant
- Dedicated technical lead
from £2,000/mo
Ongoing support
- Industry-specific approach
- UK GDPR compliant
- Dedicated technical lead
What Our Clients Say
Success stories from clients in insurance industry.
“ClickMasters transformed our digital infrastructure. Their understanding of UK fintech regulations saved us months of compliance work.”
Sarah Mitchell
CTO, FinTech Solutions Ltd
“The team's expertise in NHS integrations and DTAC compliance was invaluable. They delivered on time and within budget.”
Dr. James Cooper
Medical Director, HealthFirst UK
“Their grasp of FCA requirements and insurance sector nuances helped us launch our platform 40% faster than expected.”
Michael Brooks
CEO, InsureTech Pro
Related insurance Services
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