EDI breaks new business barrier.
The Personal Financial Services Division of Royal & SunAlliance has broken through the £100m barrier...
The Personal Financial Services Division of Royal & SunAlliance hasbroken through the £100m barrier for new business transacted via
electronic data interchange (EDI).
The insurer said that between January and October of last year, brokers
and intermediaries processed approximately 300,000 new RSA policies via
EDI. Of this, 27% were full cycle with brokers taking responsibility for
policy servicing and renewals.
The AA is also making great strides with EDI, launching new business
quotations for all
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Personal
Boom and PremFina partner up
Premium finance provider PremFina has partnered with Abacai Technologies’ car insurance digital brand Boom, an appointed representative of Top 100 Broker Dayinsure.
Motor premium prices slip but payouts stay at record level in Q3 – ABI
The average motor insurance premium fell slightly to £562 in the third quarter of the year, £4 lower than the period before, the Association of British Insurers has calculated.
Brokers point to rising risk of underinsurance
The main drivers of underinsurance in the non-standard market are incorrect property valuations or lack of awareness about reinstatement costs, according to a survey of brokers.
Sign up now to attend The High Net Worth Forum this Thursday
The only event for high and ultra-high net worth brokers who want to be one step ahead of the game returns this week.
Q&A: Close Brothers Premium Finance leaders Wallace and Hayes
Close Brothers Premium Finance commercial director, Colin Wallace, and sales director Elliott Hayes, stress the firm’s ‘pro-broker’ message as they tackle the changes over the past 18 months, shrinking after the partial exit from personal lines and the developments they believe will deliver growth for all parties as the business focuses in on commercial with the run-off almost complete.
Broker trio help Compare The Market push into new market
A trio of brokers has been signed up by aggregator Compare The Market for its full launch into temporary car insurance.
John Lewis Money hires ex-Co-op Insurance MD to lead broker push
John Lewis Money has hired ex-Co-op Insurance managing director Charles Offord as director of financial services, as the business looks to develop its broker model for credit and insurance.
FSCS opens for claims from customers of failed broker Anthony Jones
The Financial Services Compensation Scheme has opened to claims from customers who paid for insurance through collapsed broker Anthony Jones (U.K.) but find themselves without the relevant cover and unable to recover the premiums by other means.