The Institute of Insurance Brokers (IIB) has launched an online trading facility for its members.

The Web-based, full cycle Insureituk.com has been developed by Insureit UK Limited, part of the KGJ Group. It allows IIB members to quote and place manufacturing commercial combined business underwritten by AIG.

Elizabeth Adams-Reid, IIB technical and marketing executive, said: "We are very excited about this facility as we think it will help so many of our members gain a crucial advantage."