Acturis for Underwriters

Acturis can be used in two different ways by Underwriters, Underwriting Agencies and MGAs:

• As a trading and back-office system to manage an underwriter’s internal records
• As a means of distributing product to the broker market

Acturis as a trading and back office system

Acturis for Underwriters
Key benefits of the Acturis system for Underwriters are as follows:

• Excellent contact management, for both brokers and end-customers
• Fully locked down audit trail on quotes and policies
• A flexible Product Builder for scheme facilities and delegated authorities
• Instantly created policy documentation
• Seamless integration with Microsoft Office and scanning solutions
• Integration with premium finance providers, online credit/debit card, postcode look up, and DVLA look up
• Easy to use claims management and reporting
• Fully integrated back office accounting suite and reporting module
• Configurable and fully integrated workflow/task management
• Defaulted agent commission rates to ensure the "pay away" is not missed and the correct commission is applied
• Ability to deal direct with the end customer on premium finance and credit/debit card, when this is requested by the agent
• Support for policy and section level co-insurance added to integrated and autorated products
• Overrides and agent commission at section level within a policy
• Support for index linking added when processing renewals for integrated and autorated products
• Support for net rating added to integrated and autorated products
• Enhanced agent statement and accounts processing

Acturis Data Connect
This service allows a customer to take a nightly feed of its data and use it to populate third party systems, for purposes such as bespoke data mining, reporting or back office accounting functions.

Customers can select exactly which data it wants to download, and only pay for the data it requires.

Acturis Quote & Buy
Acturis is able to integrate with a client’s website in order that "zero-touch" business can be transacted without double keying into Acturis.

This service is available for both EDI personal lines business, as well as autorated XML integrated SME package business. Customers can also web enable their own schemes, whether autorated or not.

Both B2C (retail) and B2B (wholesale) trading models are supported.

Acturis to distribute product to brokers

Acturis is a leader in electronic end-to-end process and systems integration in general insurance. We believe that the current levels of errors and rework and the resulting extraordinarily high costs in commercial insurance are unsustainable and can only be solved by fundamental redesign of the client-broker-insurer interaction process.

To achieve this, Acturis offers insurers a range of services to enable paperless, electronic execution of insurance business:

• Automated Product Processing. The insurer provides the rules, rates and documentation for a product. Acturis builds and operates the product either on a Polaris engine or on its own sophisticated Product Builder. Distributors can obtain instant electronic quotes and can generate point of sale documents. New business, renewals, mid term adjustments, cancellation and reinstatement processes are all supported
• XML Integration. Acturis and the insurer define the processes and data exchange standards for the exchange of data between the Acturis system and the insurer. The broker submits requests for quote to the insurer on-line on the Acturis system and responses from the insurer are populated directly into the Acturis system.
• Acturis Insurer Screens. Acturis can provide a set of underwriter screens which enable insurers to view and respond to data sent to them by brokers using the Acturis system, creating a comprehensive and efficient underwriting process. The Acturis insurer screens can be delivered in multiple formats including interactive e-mail and dynamic HTML screens
• Product Development. Acturis works in partnership with the insurer/ broker/client to design and develop an insurance product including rating rules, question sets, look and feel and potentially sourcing of underwriting capacity

Track Record
Acturis has a strong track record of leadership and innovation in this area. Typical examples:

• Automated Product Processing – built full range of autorated commercial products for major UK insurer in record time (tradesmen’s liability, shops package, offices package, hotels and restaurants)
• XML Integration – first XML integration in the UK with a leading global insurer for their full commercial lines range including manually rated and auto rated products. The project has dramatically improved turnaround time and eliminated errors between broker and insurer
• Acturis Insurer Screens – first comprehensive integration across full commercial lines product range with major global insurer
• Product Development – developed autorated insurance product to cater for a large UK bank’s property development portfolio. The product provides automatic quotes and associated documentation for commercial and residential property owners insurance.

If you would like to discuss how Acturis might be able to help you please call Thomas Stuart on 020 7079 4000.