Wild Coverholder to streamline coverholder insurance management
Wildnet has launched a product designed to simplify the management of coverholder insurance for underwriters, brokers and coverholders.
The product, Wild Coverholder, handles the Lloyd’s coverholder and binder books of business, historically declared to the market on a monthly bordereau basis in several different formats.
A Wildnet spokesman said the benefits of the product included low transaction costs, improved run-off management and detailed loss analysis.
Mark Birrell, chief executive of Wildnet said: "This system incorporates a number of best-of-breed technologies and will make the whole process of coverholder management easier, more efficient, more cost effective and ultimately will enhance the day-to-day business operations for underwriters and brokers."
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