Brokers

Before going to market, brokers can manage enquiry forms from overseas offices or customers and prepare submission files in an electronic broking room. Risks are distributed to global markets and the full placement lifecycle is supported for either simple or complex negotiations, including the management of subjectivities.

A library service is directly accessible for brokers to find the right forms and documents for their placing files (in MRC and ACORD GPD formats).

A virtual underwriting room distributes copies of the broking files to underwriters. All communications are recorded and copies of bound lines appended to the contract.

ACORD messages will update broking systems with quote, written and signed lines data. Documents can be delivered to company document repositories.

Case study

A major broker interfaced a contract solution to the Trading Service to distribute and bind risks. Read more