August 2007

MMA Targets commercial Growth with new Acturis collaboration

August 2007 – Intermediary-only insurer MMA Insurance plc (MMA) has today announced the addition of its Shops product onto the Acturis broker platform as part of its ongoing growth in commercial lines business.

The product, which includes cover for buildings, stock, fixtures, business interruption and other retail associated risks, is the second MMA product collaboration with Acturis. MMA’s Master Tradesman Plus product was launched on the broker platform in April 2007. Further products, including Offices, Property Owners and Commercial Vehicle will be added in the future.

Commenting on the addition of a second product on the Acturis system, Ian Page, MMA’s Commercial Underwriter,said: “We are committed to making it easier for brokers to do business with us and the Acturis platform enables us to deliver on this important part of our commercial lines distribution strategy.”

Luke Shepherd, Acturis, adds: “MMA have delivered yet another electronic product which has had a great reception from Acturis users, we are delighted to continue to support their ongoing development in this area.”

The Acturis broker platform allows brokers to receive and bind quotes from MMA, with minimal paperwork. Full policy documentation and the ability to renew cover electronically is also available via the system.

ENDS

For further information contact:
Lisa Rees (lisa.rees@mma-insurance.com)
Telephone 0118 925 8849 or
Alex Wise at Concise Public Relations 
Telephone 020 7100 3960 or 07710 665 615

Note for Editors:

MMA Insurance plc began trading in 1958 and is based in Reading.  It is a wholly owned subsidiary of French multi-national mutual insurer Les Mutuelles du Mans Assurance Group (MMA Group). The Group has now joined forces with MAAF and Azur GMF to form an enlarged group called Covéa which is set to become a major force in European insurance.

MMA Insurance distributes its products via a network of 3200 professional intermediaries throughout England, Scotland and Wales.  In 2006 MMA’s gross written premium was £217m with operating of £17.5m. MMA’s expense ratio remains one of the UK market’s lowest at 8.3%.

Product lines are as follows:

Acturis
Acturis has worked with forward-looking provincial brokers and a number of leading insurers to develop the broking system of the future.
The Acturis Broker Platform uses Internet connectivity and innovative technologies to make brokers more efficient, effective and successful in a new connected and regulated environment. The Acturis Broker Platform provides the IT base for a new and innovative way of transacting insurance, reducing duplication of work, lowering error rates and driving cost out of the broker distribution channel.
The Acturis Broker Platform has been trading fully live since July 2002 and is now used throughout the UK.

The Acturis Team
Sir Brian Pitman, the former Lloyds-TSB Chairman, is Chairman of Acturis. Sir Brian is a known and respected name throughout the financial services market and the City, and his experience in driving efficiency savings and innovation through Lloyds-TSB is invaluable.
Our experienced team is led by co-CEOs, David McDonald and Theo Duchen. Both are ex-partners at McKinsey, where David managed the UK eCommerce practice area and Theo managed the UK General Insurance team. Jointly they have in excess of 20 years experience in UK financial services and have worked with many top UK insurers and brokers.
For further information visit www.acturis.com

All Acturis press enquiries to:
Simon Ronaldson
Sales & Marketing Manager
Acturis Ltd
0207 079 4017
simon.ronaldson@acturis.com

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