Tuesday, August 23, 2005

Allianz Cornhill - Press Centre - Press Story

Allianz Cornhill - Press Centre - Press Story: "Allianz Cornhill and Acturis go live with imarket



Allianz Cornhill and Acturis have expanded their existing trading relationship to provide Acturis users with access to Allianz Cornhill products via the imarket portal.

The first product to go live is Allianz Cornhill�s Complete Retailer contract with more products planned for launch in the coming months.

Allianz Cornhill�s Director of Underwriting & Operations Geoff Moylan said:

�For too long we have been faced with a multiplicity of systems and paper that has constrained insurer�s ability to trade effectively in the commercial lines marketplace. imarket has succeeded where some previous initiatives have failed and now provides the market with a single common systems language. We now have a real opportunity to change the way that we trade, driving efficiencies and cost savings to the benefit of both insurers and brokers.

Both Allianz Cornhill and Acturis are fully committed to connectivity through imarket and are working at the forefront of integration to ensure early delivery providing real value where it matters. Brokers will find that the cost of doing business with Allianz Cornhill using imarket integration will be lower, while service standards are improved.�

Theo Duchen, co-CEO of Acturis is delighted that imarket capabilities have been extended with the addition of Allianz Cornhill. He said:

�Allianz Cornhill is a forward thinking and innovative insurer that has always been at the very forefront of our insurer integration initiatives. imarket is genuinely moving from dream to reality and this is indeed an exciting time for brokers.�

Peter Knowles, strategy & marketing director for imarket adds:

'We are delighted to welcome Allianz Cornhil"