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  • Chaucer applies for Dubai licence
    Lloyd's carrier Chaucer is preparing to set up an operation in the Dubai International Financial Centre (DIFC). A filing on the jurisdiction's website shows the Lloyd's managing agency has an active application to the Dubai Financial Services Authority, which regulates financial companies in the DIFC. The licence allows Chaucer to take an office premises and […]
  • Canal signs State National guarantee deal after downgrade
    Recently downgraded Canal Insurance Company has agreed a deal with State National that lets it offer insureds that would typically require A rated paper a guarantee of its policy obligations, The Insurance Insider can reveal. The South Carolina-based transportation carrier had its A- financial strength rating cut to B++ in late September because of sub-par […]
  • Citizens data show $1.11bn Q3 underwriting loss: S&P
    Florida's insurer of last resort, state-run Citizens, produced a third-quarter net underwriting loss of more than $1.11bn, S&P Global Market Intelligence said today, citing an analysis of statutory filings. The period included the devastation caused by Hurricane Irma, which raked Florida from the Keys to the Panhandle. The storm has generated more than 830,000 claims […]
  • California wildfire losses may reach $10.5bn: AIR
    Modelling firm AIR Worldwide has increased its industry loss estimate for the Californian wildfires that ravaged parts of the Golden State last month to a range of $8bn to $10.5bn. The lower end of the revised estimate is in line with the top end of the $6bn-$8bn prediction from rival RMS. It is a significant […]
  • Markel completes $919mn State National acquisition
    Markel has completed its $919mn acquisition of State National, the company said today. The specialty underwriter agreed to buy the Bedford, Texas-based fronting and auto loan insurance specialist in July for $21 a share in cash. State National will operate as an "independent division" of Markel, both companies said in a joint statement. "We look […]
  • Cat losses force Tokio Marine to cut forecasts
    Tokio Marine Holdings has downgraded its result forecast for the current fiscal year after natural catastrophe losses. For the fiscal year ending March 2018, the group projects 315bn yen ($2.8bn) of adjusted net profit, down 67bn yen from the original business plan, mainly due to higher loss estimates from natural catastrophes in the domestic and […]

YOUR PARTNER IN DIGITAL CLARITYDIGITAL CLARITY

You need digital technology

  • that drives and enables business growth
  • that is flexible and scalable
  • that is compliant and future proof
  • that adds value to your business and not your competitors’

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.

And we understand that your time is money. Given two to three days of your time we undertake to fully understand the specific needs of your business and its technology requirements.

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
  • it is tailored to the needs of each of your individual stakeholders
  • it offers real-time integration of your tools and services
  • it improves accuracy and corroboration of customer and broker data
  • it improves the granularity on risks at quotation
  • 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