Aon Professional Risks (APR) Division. has implemented an internet-based
electronic trading system in conjunction with Mi Limited, the specialist
technology supplier to the London market.
The sys ...
Aon Professional Risks (APR) Division. has implemented an internet-based electronic trading system in conjunction with Mi Limited, the specialist technology supplier to the London market.
The system, known as EE-Pro-risk,has been established as a channel for the automated processing of selected lines of professional risk business.
The initial implementation for employment practices liability (EPL) was developed by Aon in collaboration with Lloyd's insurer Hiscox and US wholesale broker Swett and Crawford.
Mark Hogsden of Aon Limited said: "We designed the application of this technology to target key inefficiencies in the transactional process and with the objective of providing a premium service to the client."
"Participation from the producing network and underwriting market from the outset has been critical in the successful adoption of this new technology."