Amlin Launches Marinsure
06 September 2001
Amlin's marine division, KJ Coles, today launches Marinsure a web-based service to enable Lloyd's brokers to place marine hull business.
Marinsure allows brokers to enter risk details on to the website which then automatically generates a complete underwriting presentation and sends it to any underwriter the broker chooses.
A number of Lloyd's brokers have been involved in the development of Marinsure from an early stage to ensure that the system is geared towards making their job easier. Utilising a comprehensive database of vessels and standardised templates, the system enables a complete presentation to be produced in a few minutes. Amlin believes that using Marinsure will speed up the turnaround of quotations to the client, and the intention is to attract support from other market underwriters which will increase further the speed and ease with which full placement can be secured.
Stephen Hirst, Deputy Chairman of Marine at Lloyd’s broker Willis, stated that “having seen the system it should significantly help in bringing benefits to all participants in Marine Hull business”.
Simon Beale underwriter of KJ Coles, the marine division of Amlin's Syndicate 2001, said "web technology can dispense with much of the work and paper used in presenting a risk to an underwriter, thus improving the efficiency of the risk placement process. The system has been built to assist the brokers to get the business off their desks as efficiently as possible - however, negotiations can take place online, by fax, phone or at the underwriter's box in Lloyd's. We have had very positive feedback from the broker community who commend the flexibility of the system."
Charles Philipps, Amlin's Chief Executive, said "the introduction of Marinsure is 100% consistent with our stated aim of being the place to go as a first choice for leading risks. It is capable of significantly enhancing client service, complementing our strong technical skills".
The site was designed and built by Amlin Interactive, an in-house e-business development consultancy also responsible for a range of initiatives including creditinsure.com.
Enquiries:
Amlin
Charles Philipps 020 7746 1059
Chief Executive
Simon Beale 020 7746 1944
KJ Coles
Simon Hepworth 020 7746 1037
Amlin Interactive
Haggie Financial
David Haggie 020 7417 8989
James Fuller 020 7417 8989
