OIM Underwriting Limited, part of the UK and international operations of Arthur J. Gallagher, today announces the launch of its e-Underwriting division, a significant step forward for UK brokers in the provision of insurance for home and commercial risks.
e-Underwriting has developed an auto-rating model that provides point of sale quotations over a wide risk footprint for both standard and non-standard risks. This allows brokers to benefit from lower operational costs because it will not only improve ‘quotability’ for standard risks but also cater for a wide variety of risks that would normally need to be referred to an underwriter.
During 2012 e-Underwriting will be launching a range of home and commercial products to integrate with all major broking software houses.
Commenting on the launch of the e-Underwriting team, David Ross, CEO of Arthur J. Gallagher International, said, “We are always looking to stretch the boundaries of traditional thinking in insurance and the launch of e-Underwriting is a prime example of how we are working on behalf of the broker community to develop practical and sensible solutions in a modern environment. Typically, through e-Underwriting, we can offer participating brokers a service that simplifies and enhances customer service. The model is compelling as it helps make a positive impact to any broker’s bottom line.”
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