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  • RLI beats as reserve releases offset dent from cats
    RLI confounded analysts' expectations in the third quarter as it revealed a $1.7mn operating profit with reserve releases partially offsetting a $31.7mn hurricane bill. The $0.04 per share result was notably ahead of the less than $0.01 per share consensus loss estimate of seven Wall Street analysts surveyed by MarketWatch. The firm's chairman and CEO […]
  • Opinion: Trust issues
    Trust. A scarce commodity in this corrosive age of perma-outrage, where public ire can in a heartbeat lurch from lawmakers, to CEOs, to banks, and even a world-class children's hospital. Yet insurers that attended the International Cooperative and Mutual Insurance Federation's conference heard repeatedly that winning trust was the key to closing the ever-growing protection […]
  • CNA elevates Wilson to lead underwriting services team
    Commercial carrier CNA has promoted Katie Wilson to senior vice president of underwriting services in its commercial unit with responsibility for developing strategy and managing the team. She will report to commercial insurance CUO Julie Stephenson, the Chicago-based insurer said today. Wilson joined the carrier in 2005 and most recently was vice president of general […]
  • XL Galileo cat bond may point to rate rises
    XL Catlin has launched a $150mn Galileo Re cat bond which seems to give an early indication of rate increases in the insurance-linked securities space, The Insurance Insider's sister publication Trading Risk has reported. With little traditional catastrophe reinsurance business up for renewal in the fourth quarter, the market will be watching new cat bond […]
  • Travelers suggests commercial price hikes may rise
    Travelers, sometimes regarded as a property and casualty industry bellwether, has led analysts to conclude that the big US insurer sees commercial prices rising in the wake of the third quarter's catastrophes. Comments made by company leaders on a conference call with securities analysts led JP Morgan's Sarah DeWitt to forecast rate hikes of at […]
  • Zurich estimates group Q3 HIM claims at $717mn
    Zurich is expecting a $717mn Q3 hit at a group level as a result of hurricanes Harvey, Irma and Maria. The global insurer estimates total claims in the third quarter within its P&C business from the three hurricanes to be about $700mn net of reinsurance and before tax. Meanwhile, Farmers Re is expected to book […]

YOUR PARTNER IN DIGITAL CLARITYDIGITAL CLARITY

You need digital technology

  • that drives and enables business growth
  • that is flexible and scalable
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In fact what you really need is a completely fresh approach.
The approach of a trusted partner whose interests align with yours.

Our business is built on partnership. Our start up costs are low, as is the hosting and support that is necessary. Our licence fee is directly linked to the business written.

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Typically we can complete configuration of your system within twelve weeks while taking no more than half a day a week of your time.

Your system can be fully operational within sixteen weeks.

Our fresh approach is all about working efficiently alongside you. And saving you money.

YOUR PARTNER IN SPEED AND AGILITYSPEED AND AGILITY

MARKIT-SYSTEMS delivers the speed, agility
and flexibility that your business needs:

  • it configures multiple lines and new lines quickly and cost effectively
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  • it is accessed by browser via a secure private cloud
  • it de-risks digital technology by linking our payment to your growth
  • designed to meet the needs of those with delegated authority

MARKIT SYSTEMS offers a completely fresh approach.
We work as your trusted partner.

MARKIT SYSTEMS is a partnership of respected MGA managers and experienced digital insurance experts. member

Our interest in digital technology aligns with yours and our remuneration is directly linked to your business growth.

YOUR PARTNER IN STRAIGHT THROUGH PROCESSINGSTRAIGHT THROUGH PROCESSING

MARKIT-SYSTEMS comprises nine modules each
individually configured to meet your specific business needs.

  • New Line Configurator (NLC)
    • deploys new lines of business quickly, cost effectively and without risk
    • manages data capture and configures the product
    • implements business, operational and product rules
  • Identity Management Module (IMM)
    • sets authorisations
    • controls access
    • increases security
  • Policy Administration Module (PAM)
    • quotes and binds the policy
    • automates workflow and integrates diary management
    • enables auto sanctions checking
    • enables complaints handling
    • enables drag and drop email
  • Document Control Module (DCC)
    • creates, stores, retrieves and distributes e-documentation
  • Financial Management Module (FMM)
    • locates and allocates payments
  • Transaction Control Module (TCM)
    • is a secure gateway for payments
  • Management Information Module (MIM)
    • provides management information in pre-configured and custom form
  • System Audit Module (SAM)
    • manages user login
  • Relationship Management Module (RMM)
    • enables the set up and management of business relationships
LondonMarkit Systems Limited
20 Birchin Lane, London
EC3V 9DU
+44 203 713 4645enquiry-uk@markit-systems.com
JohannesburgMarkit Systems Limited
+27 11 083 8916enquiry-sa@markit-systems.com