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  • Trade credit market adds Carillion to loss tally
    The implosion of Carillion is likely to add further losses to UK trade credit underwriters already reeling from the collapse of wholesaler Palmer & Harvey and airline Monarch. Carillion, the UK's second largest construction company and a major supplier of services to the government, went into liquidation on 15 January. Some in the market have […]
  • ILS managers decrease Q3 2017 loss estimates
    Insurance-linked securities (ILS) managers have reduced their estimates of losses taken from the August and September hurricanes, according to the Eurekahedge ILS Advisers Index. The index initially showed an average drop of 0.34 percent in August and 9.04 percent in September following the major storms. However, this has been reduced to losses of 0.31 percent […]
  • California sets stage to squeeze insurers on tax gains
    California Insurance Commissioner Dave Jones wants insurers benefitting from tax reform to pass on their resulting savings to policyholders, and today ordered a review of carrier rates with profit limits in mind. The edict sent shares of national personal lines underwriters Allstate and Progressive down, according to Buckingham Research analyst Amit Kumar. He indicated the […]
  • Bermudians dwindle in number after Validus takeout
    With Validus set to come under AIG ownership, the spotlight falls on the dwindling number of Bermudian (re)insurers still in the public markets. The island has traditionally been a happy hunting ground for acquiring carriers with growth ambitions and a cash pile to spend. A running tally compiled by The Insurance Insider shows that eight […]
  • Axis consolidates units in efficiency drive
    Axis took further steps to consolidate its business in the wake of last year's Novae acquisition in a revamp it said would increase efficiency and profitability. The restructuring includes the creation of a global underwriting and analytics unit, the merging of its accident & health (A&H) segment with its core (re)insurance operations, and the combination […]
  • Drug maker Valeant sues insurers for more than $325mn
    Canadian pharmaceutical company Valeant is suing its insurers as it seeks to claw back more than $325mn in costs, as well as unspecified damages, arising from class actions following its attempted acquisition of drug firm Allergan. Court documents filed by Valeant in the Superior Court of New Jersey show it held professional indemnity policies for […]

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