Groupama Insurances - imarket Vision Becomes Reality

Groupama Insurances - imarket Vision Becomes Reality: "imarket Vision Becomes Reality
Groupama Insurances and Acturis Go Live with Optima Shop
In a major development for the commercial insurance sector, Groupama Insurances and Acturis are the first insurer and software house, to become imarket integrated. This means brokers can trade directly from Acturis� back office system directly to Groupama Insurances, via the imarket infrastructure.
Brokers need only enter risk data once to obtain Optima Shop quotations, accept cover and obtain immediate confirmation, all returned in real time, via imarket from Groupama to the Acturis system.
The development brings to reality important benefits of electronic trading via imarket, allowing brokers to reduce administration costs and speed up processing, freeing them to focus on good customer service.

Ken Hutchinson, E-Commerce Manager for Groupama comments: 'This is a fantastic coup for Groupama and Acturis and the culmination of many months of work. Through agreed imarket standards we were able to test the product and integrate with Acturis very quickly ensuring we could bring this product to market ahead of our competitors. We are delighted our brokers will be the first to reap the benefits of electronic trading in its truest sense via imarket.'
Theo Duchen, co-CEO of Acturis, adds, 'The important thing for Acturis brokers is that this process involves no additional effort. Brokers simply add the risk information into the Acturis system as they do currently and a competitive auto-rated shop quotation from Groupama is instantly available.'
Peter Knowles, Strategy Marketing Director of imarket said 'We would like to congratulate both Acturis and Groupama on this achievement and are delighted to see the first of many successful integrations come to fruition.'"