Press Releases

Acturis Integrates with AXA's Business-Risk.com

01 July 2002

Major insurer AXA and leading insurance software provider Acturis today announced that their IT systems will be integrated. This groundbreaking initiative will allow brokers using the Acturis broker platform to process business straight onto the AXA Business-Risk system at the touch of a button.

Acturis specialises in developing leading edge commercial lines insurance software for insurance brokers. AXA's Business-Risk.com enables brokers to conduct business with AXA through a Web-interface.

David McDonald, co-CEO of Acturis said: "This is a significant step in increasing the efficiency in the commercial lines industry. Broker-users working with Acturis and AXA will benefit from straight-through processing, full back-office integration and no re-keying whatsoever. The cost of distributing a commercial product through the broker channel will be reduced substantially in addition to the hassle factor".

Nick Frei, Business Development Director of Acturis, added: "By integrating Business-Risk with Acturis, Broker users enter risk details on the Acturis broker platform and, with a few clicks, can submit it to AXA where it lands automatically in an underwriter’s electronic inbox. The underwriter produces the quote and electronically sends it back to the broker where it is automatically placed in the Acturis system – no re-keying! If the quote is accepted all the documentation is printed at point of sale, all accounting entries are automatic, invoices are instantly produced and AXA's back-office system is updated automatically".

Mark Cliff, AXA’s Director, Commercial Lines and Intermediary, said: "There has been a lot of talk in the industry for some time about potential benefits of e-commerce, yet nothing tangible has been delivered so far in Commercial Lines. We are excited to integrate Business-Risk with Acturis as this will deliver clear efficiency gains and improved service levels to all participants. The Business-Risk web-interface already improves our transaction efficiency; integrating it with Acturis will increase that even further and yield additional savings which translate into higher profitability and service levels for brokers doing business with AXA".

The integration project is well under way and will see its first live transaction in Q4 this year.


Press Release listings