24 7 joins Polaris and Biba in market collaboration

Polaris, Biba and 24 7 have joined forces to create a set of commercial risk presentations to be used in the new Polaris E-Market Initiative.

The collaboration will enable insurers to complete a standard commercial presentation to insurers for certain classes of business.

Rarrigini & Rosso Group chief executive Julie Rodilosso said: "It took 24 7 Broking a long time to garner the information required to underwrite 32 different classes of commercial insurance and then program this into our 24 7 broking system.

"In working with Polaris and Biba we wanted to be part of the cause for standardisation and share our work with an industry initiative that would play a major part in shaping commercial risk presentations."

Polaris managing director Martin McLachlan said: "The joint work with 24 7 Broking and other market players has allowed us to begin compiling a standard common data capture set which will be acknowledged as being the minimum information required for presentation to underwriters."