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  • Citizens raises budget for harder reinsurance renewal
    Florida's state-backed insurer Citizens has budgeted for an 8 percent increase in its private risk-transfer costs for 2018 in anticipation of a hardening property cat market. The carrier said it would once again try to protect its surplus through "prudent and measured" risk transfer efforts next year. It added that its 2018 budget included a […]
  • Opinion: Just a little more time
    The gift of time - better than a box of Milk Tray or a bottle of perfume. Ask any Brexit contingency planner, working parent or payroll manager expediting December salaries. Now the insurance sector has snagged a modest, early Christmas present by getting more time to prepare for the new Senior Managers and Certification Regime […]
  • California orders Fair Plan to lift fire 'moratorium'
    California's Fair Plan, set up as an insurer of last resort for property owners, must lift a ban on writing new policies in areas threatened by wildfires, state insurance commissioner Dave Jones ordered late yesterday. The organisation's state-approved plan of operation specifies that a property's location "or any hazard beyond the control of the property […]
  • Hamilton hires Novae alum Patten for Syndicate 3334
    Hamilton Insurance Group named Robert Patten as head of casualty for its Hamilton Underwriting unit, which is the managing agency for its Syndicate 3334 and its Lloyd's operations. Patten came to the Bermuda-based company from Novae, where he was also head of casualty, Hamilton said. "With Lloyd's approval to add excess casualty to our portfolio […]
  • Ex Marsh UK aviation chief departs following settlement
    Former Marsh UK aviation chief Marcel Chad has left after reaching a settlement with the broking giant, The Insurance Insider can reveal. Chad was suspended by the intermediary in May after the Financial Conduct Authority (FCA) launched a probe into the misuse of confidential client information by five brokers including Marsh. Ahead of his suspension […]
  • Axis to pay former CFO $1.2mn for advisory services
    Outgoing Axis Capital CFO Joe Henry will receive a $1.2mn fee for advisory services he will provide to the company in 2018, according to an 8K filing. Henry will also receive an undisclosed separation payment, and the accelerated vesting of his outstanding equity awards that were unvested as of his departure date. Axis also said […]

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