ACE European Group (ACE) has launched a more streamlined Professional Indemnity (PI) product on imarket.
ACE said specific standards relating to risk for PI have been reduced by 50% on the trading portal.
The company said this move will simplify the quote request process, reduce administration time and help brokers to cut costs.
Mark Whitehead, ACE European Group's e-Commerce manager, said: “Since the original PI product on imarket was launched in September 2006, ACE has been working with a number of brokers and listening to the feedback they've been giving us. We've responded swiftly and will continue to focus on improving our offering via the portal to help drive broker efficiency and use of this trading solution.”
