Yellowblox launches online document processor
Technology company Yellowblox.com says it is ahead of electronic reform in the London market with a new package for binder businesses.
By using the package, brokers can send off electronic documents for approval with the underwriter, rather than physically taking the policies for rubberstamping.
Binder business, in which intermediaries have delegated authority to underwrite niche business for insurers, makes up around 31% of premium at Lloyd’s.
Managing director Richard Garnett said: “Not only is the Market Reform Group expected to start looking at binder business, but the credit crunch has everyone looking at their bottom line that bit more closely than before.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
