Risks being marketed are matched with underwriters through Profiles and Panels. Profiles describe the firm / user and Panels are evolving 'virtual' communities. Main Panels are based on matched strategic objectives and Risk Panels on transactional criteria.
Broker's placement cycle and the underwriter's quote cycle are simplified and shortened through redesign of the business process. Productivity is enhanced by an order of magnitude with even greater control and security.
Users create, modify and distribute risk and quote information from one place, avoiding distribution and receipt issues. Panel members receive alerts and view only the latest data.
Low cost and ease of quoting creates a 'level playing field' which enhances underwriting competition. The quotation and price discovery features of the platform addresses the EU Commission’s concerns about premium alignment, particularly for coinsurance.
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