Sirius has announced that AXA has gone live with its Stargate online commercial initiative.
Sirius claimed that Stargate is the first programme to provide end-to-end connectivity, which it says st ...
Sirius has announced that AXA has gone live with its Stargate online commercial initiative.
Sirius claimed that Stargate is the first programme to provide end-to-end connectivity, which it says streamlines commercial lines activity.
Sirius also claimed that its Venture Plus product cuts costs by eliminating the need to rekey data.
UK systems chief executive Mike Dodd said: "According to research among Sirius users, around one in two insurance documents passing between broker and insurer contains errors, and one third of them take more than three months to reach the client.
"So, not only will this resolve the problem of repeated errors, it will also completely speed up the process, as brokers will be able to print the accurate documentation within a matter of minutes."
Dodd said that several leading insurers will follow AXA into the initiative. He revealed that Zurich is set to sign up in early 2003 and that Sirius was in advanced talks with other UK commercial insurers.
The first business has recently been placed on the system by broker JW Group.
