Marsh Introduces Internet-based System for Marine Insurance Functions

November 14, 2002

Marsh Inc. announced it has introduced, an Internet-based system that will enable the firm’s marine clients to gain a series of important benefits in arranging and administering their insurance programs.

By accessing the system, Marsh clients will benefit from instant certificate preparation and online printing of certificate originals, and comprehensive administrative and risk-management reporting tools. Real-time claims tracking, information sharing, and numerous other capabilities have also been incorporated into the system.

“ will benefit our clients by significantly streamlining and enhancing the processes involved in administering marine cargo insurance,” said Guy P. Claveloux, a managing director in Marsh’s Marine & Energy practice. is based on Oceanwide’s Genoa Cargo Insurance Management platform. The Genoa system offers substantial workflow improvements by eliminating redundant data entry and the need to verify premium calculations, and by automating the verification of policy compliance and insuring conditions. The platform also serves as a powerful collaboration tool by affording real-time processing and information access for all users. Marsh is the first broker to utilize the Genoa technology.

“We welcome Marsh’s participation in Genoa,” said Mitchell Wasserman, president of Oceanwide. “Cargo insurance is inherently complex and requires ongoing collaboration between brokers, underwriters, assureds and several other parties. Genoa’s open web-based architecture makes it easy for all users to access using only an Internet browser and allows it to seamlessly integrate with all types of legacy systems as well as emerging Internet technologies. Marsh’s input will help the system evolve and incorporate new functionality to the benefit all parties.”

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