Baltimore Technologies, a leading global e-security provider, announced that Hewlett Packard has chosen its “Baltimore SelectAccess (TM)” system to provide web access control and on-line security and authorization for Kinnect, the new Lloyd’s sponsored risk data processing platform for brokers and underwriters worldwide.
Kinnect, formerly called the Blue Mountain Project, is designed to provide a globally accessible and secure platform to enable commercial lines insurance trading partners to communicate risk data electronically. A more detailed discussion of the initiative is contained in the article on Lloyd’s Chairman Lord Levene in the current (May 5) issue of the Insurance Journal.
Baltimore’s SelectAccess “controls the access rights and entitlements of insurance brokers and underwriters connected to the platform, enabling them to securely process risk data quickly and cost effectively,” said the bulletin. It enables individual brokers and underwriters to “authenticate themselves to the platform and gain access to specific resources based on their individual rights and entitlements.”
It is designed to provide “unique personalised web-based services for each user across the global insurance sector. The main benefit of the system is the elimination of lengthy paper-based processes in using a secure web environment, whereby all risk data is sent and approved electronically,” said the bulletin. It also noted that ultimately the platform “improves the global insurance sector’s time and cost efficiencies by reducing transaction time, administration costs and enabling improved control.”
Kinnect CTO Phil Bungey was quoted in the announcement as indicating that “Improving efficiency through technology is a key driver of the Kinnect project. As we roll out the brand and start implementation, partnerships with Baltimore Technologies and HP are important to ensure a fully secure platform over which insurance brokers and underwriters can transfer data electronically.”
Lloyd’s has already received commitments, in the form of letters-of-intent, from international insurance brokers Marsh and Willis and four major London-based insurers, ACE European Group, Amlin, Beazley and Wellington, to use Kinnect.
“HP selected Baltimore Technologies for their demonstration of leadership in financial e-security,” stated Niven Payne, Insurance Practice Principle for HP Consulting and Integration. “Baltimore’s broad based platform support, standards based architecture and capability to reduce costs through SelectAccess deployment has further helped HP to deliver an open, adaptive and secure infrastructure platform to Kinnect.”
Patrick Jourdas, Baltimore’s Sr. VP of EMEA Operations, stated that the company was “delighted to be working with HP to enable Kinnect meet its objectives of efficient, fast transfer of risk data via a secure platform.” This project further confirms Baltimore’s leadership in the financial services industry as well as our ability to securely enable web access control and authorisation in distributed business environments. We look forward to our continued co-operation with HP as a valued partner.”
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