Insurance & Financial Services

Banks, building societies, insurers and brokers are alive to the challenge of driving unnecessary time, cost and risk from current trading practices.

The benefits to all – irrespective of their back office systems being able to place a quote for whatever line of business, to all market places and without the need for either party to re-key data – speak for themselves. Also increasingly vital, is the market place’s ability to exchange information speedily and securely in order to maintain competitive advantage and comply with current and future regulations.

The complication is the range of technology platforms utilised across the sector and finding a solution which is adaptable enough to accommodate them all.

Kewill’s business integration solutions connect thousands of brokers to dozens of product providers (such as insurers, banks and building societies), enabling them to communicate and trade electronically, securely, swiftly and collaboratively.

Technology to the rescue

Pressures of compliance, competition and business reporting require efficient and reliable systems that can be implemented only by a technology based solution. Read the full article, recently published in the Insurance Times.

What do brokers really want?

For various reasons the insurance industry has been slow to implement seamless technology that gives brokers what they really want - the ability to provide their customers with excellent service, underpinned by quality products supported by speedy access and rapid turn-around of quotes and cover. The search for a consistent route to market has been a long one. Read the full article, recently published in Brokers Monthly.

MID - UK Motor Insurance Database

From January 1st 2008, the UK insurance industry will be required to submit clients’ motoring documents to the UK Motor Insurance Database (MID) within seven days, compared to the existing 14 day requirement. For the broking community this presents two key challenges: ensuring compliance with the regulations and maintaining customer service standards.