System allows brokers to offer online D&O and PI quotes from their websites...
Liberty International Underwriters (LIU), a division of Liberty Mutual Group, intends to provide selected broking firms in the UK with a “quote and buy” system for its directors & officers and professional indemnity products.
The system, being developed in conjunction with Point Solutions, enables brokers to offer online D&O and PI quotes from their websites. The system is designed to allow clients to accept a quote online, binding them with immediate effect.
Commenting on the launch, LIU Europe’s senior vice president Phil Foley said: “PI and D&O are two of our core niches and if we want to continue to grow in this area, we need to provide our brokers with the tools they need to deliver to their customers easily and efficiently. Point Solutions has exceptional technical strength and a progressive approach adding real worth to this project. The result will be a seamless solution for brokers allowing them to reap the benefits of this evolving and profitable distribution channel.”
Managing director of Point Solutions, Dave Green added: “We are delighted to be working with Liberty on this. We have considerable experience in the insurance industry and, coupled with Liberty’s innovative approach to business and their philosophy of adding value to brokers’ businesses which is totally aligned with our own, we are developing a truly valuable online solution for Liberty’s brokers.”