A small Irish software company, Vordel, will supply its TalkXML system to a consortium of Irish insurers and banks, the aptly named CELT -Commercial Electronic Trading initiative, which includes such global heavyweights as AXA and Royal & SunAlliance.
CELT’s goal “is to create a standard system in which independent brokers can submit electronic quotation requests to member companies,” and would eventually replace the paper based forms now used.
Vordel’s TalkXML system will enable brokers and companies to change from one system to another. CEO David Ryan described it as “quick and easy to install and operate,” and indicated that it could be used immediately.
CELT project manager Michael Comiskey described the system as “versatile enough to communicate across different types of software, since all the insurers had legacy systems in place.” He indicated that this was “the ideal solution to bind diverse systems together in a large single cohesive business network and allow the individual brokers to submit their information in an easy to use format.”
Gordon McDonogh, eBusiness Manager at Royal & SunAlliance said the use of TalkXML would “upgrade the existing service and permit Insurance Brokers within the CELT to submit quotations in a convenient method, on-line and monitor.” He indicated that companies would also profit from the improved system.
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