London Market technology specialists TriSystems has announced the launch of a new electronic underwriting service to complement their electronic broking platform, which, the company said, marks “a significant shift from the tactical to strategic use of messaging software.
“Lime-St.com For Underwriters joins its cousin, Lime-St.com For Brokers, bringing for the first time to insurers on the Market Exchange the most powerful, flexible and reliable electronic underwriting software as a highly robust and scalable Cloud service.”
The system provides “eEndorsement and eBOT message management together with bordereaux conversion functionality through a single secure, shared web portal, with zero deployment and management headaches,” said the bulletin.
Tri Systems also explained that “Lime-St.com For Underwriters is the only comprehensive underwriting Software-as-a-Service application in the market. Until now, carriers have had to rely on either traditional in-house deployment of messaging gateways and message management tools or use those hosted by their software vendors and service providers.”
Jeff Ward, Director of Lime-St.com, explained that the system “is leading the way from the tactical to the strategic use of messaging in readiness for the market’s push to process electronic endorsements for all classes of business in March. It is a high availability Software-as-a-Service facility with easy and secure web access and is backed up by a robust support operation.
“We are confident that Lime-St.com For Underwriters will follow the success of our well established electronic broking platform. Crucially, it handles eBOT (back office transactions) as well as eEndorsements, allowing non-bureau carriers to take rapid advantage of this new technology. Independence is vitally important and the underwriting and broking services have separate hosting and governance so neither is influenced by the other,” he added.
Lime-St.com For Underwriters is independently owned by the London Market’s longest standing electronic messaging provider, TriSystems, who celebrate their 20th anniversary of trading this month.
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