Brokers Benefit From New Towergate Underwriting Platform
12 January 2007
Leading independent insurance intermediary Towergate Partnership today announces a new underwriting platform designed to make life easier for brokers.
The new platform provided by Kewill will host and manage electronic communications within Towergate’s underwriting business. Using the Kewill InsuranceXchange (KIX) technology, Towergate can now quickly communicate product information to brokers across a common platform. Because KIX allows for straight through processing across any technology, it will also make it easier for brokers to trade electronically. Customers will additionally benefit from speed of delivery and improved client service.
Towergate and Kewill have entered a three year agreement and Max Carruthers, Group Operations Director at Towergate Partnership said:
“Our challenge is to create and sustain a flexible and efficient underwriting environment within which all our brokers can trade electronically. This new platform from Kewill is a significant investment in developing our underwriting service to meet broker needs. It is part of our overall commitment to deliver a quality service to our brokers. We believe this is a big step forward in making our services as easy to use as possible.”
Debbie Baker, Kewill Insurance Unit Director comments:
“We are delighted to be working so closely with Towergate and its broking community to deliver competitive advantage in an increasingly competitive market place.”
About Towergate
Towergate is the fastest growing insurance intermediary in the UK, offering 200 specialist insurance products and employing more than 3000 people in 100 offices. In 2005, the Group controlled in excess of £1.25bn of Gross Written Premium.
Towergate was launched in 1997 and has acquired 120 specialist insurance businesses since then. In October 2005, Towergate Underwriting and Folgate Partnership merged to become Towergate Partnership - the largest privately owned insurance intermediary in Europe.
Towergate’s successful track record of underwriting has led the company to forge strong partnerships with insurance companies, providing value and service for customers, a fair return for investors and profitable growth for Towergate’s stakeholders.
Towergate has plans for continued growth, both organically and through further acquisition of well-run, profitable businesses, with potential for gross premium of £3bn by the end of 2007.
About Kewill
Kewill is a global company specialising in supply chain execution software and has over 55,000 customers worldwide. It specialises in the collection, transformation and delivery of information electronically between insurers, brokers and their software house partners, minimising costs and increasing business efficiency.
Kewill reduces the risks associated with the delivery of accurate information, securely and to deadlines, and supports regulatory standards and compliance requirements.
For further information please contact:
Anne Staunton/Nicky Godfrey
Peak Marketing & Communication Services
0845 456 0534
www.peak-marketing.co.uk