Sunday, November 11, 2007

Insurance Age - NU’s full small package business now on imarket.

Insurance Age - NU’s full small package business now on imarket.: "NU’s full small package business now on imarket. The launch of residential property owners and pub & restaurant via the Acturis software house system takes Norwich Union’s (NU) integrated imarket products to five, along with tradesmen, shop, office and surgery. Transactions through imarket were boosted by the commercial insurer integrating its tradesmen, shop and office & surgery cover with the trading portal last year. NU is currently rolling out its latest product launches to SSP brokers (on a phased basis) and is set to follow up with further rollouts to Open GI and Insurecom. “Our product development on imarket is helping boost the growth in broker trading choice via the portal and reinforces its benefits as a valuable tool for saving administrative time and reducing processing costs,” said Simon Bloomfield, Norwich Union’s broker IT manager. “All of our small business products consist of a core packaged offering but have many additional optional covers providing the flexibility to tailor them to clients’ individual needs.” NU’s residential property owners product provides essential core covers for buildings (including subsidence), contents of communal areas, loss of rent and property owners liability. The insurer's pub and restaurant products,"