imarket integration has been achieved across four business lines on the Open GI commercial trading platform
Open GI is set to launch a panel of imarket integrated business lines next month
imarket integration has been achieved across four business lines on the Open GI commercial trading platform – Commercial Combined, Shops, Offices and Tradesman – with a number of insurers against each.
Mark Ryder, commercial director, Open GI, commented: “Launching a panel of imarket integrated products will make it more attractive for Open GI brokers to trade using the portal. We have been working closely with insurers for some time now to drive integration forward and are pleased to be in this position.”
Phil Nunn, head of intermediary business IT and e-Trading, Norwich Union, said: “Integrating commercial products on the Open GI platform through imarket is a key development for us. It makes trading quicker, simpler and more cost effective for a large number of our commercial brokers.”
Ken Hutchinson, e-Business trading manager, Groupama, said: “We are making significant progress integrating products with software houses and imarket. Electronic trading continues to be a major priority for Groupama and benefits brokers that trade with us. Open GI has a major share of the commercial broker market and we are keen to maximise this via imarket. It’s a very important distribution channel.”
Peter Knowles, strategy and marketing director, Polaris, added: “The imarket portal has been offering brokers quotes via a web browser for over two years. Although successful, this approach requires data to be keyed in at least twice - once into the browser and then into their own systems. For Open GI brokers this double keying will be a thing of the past from next month. They will be able to obtain comparative quotes, place business and update accounts from a single data entry on their core system saving time and effort. The benefits of integrated trading then extend to the rest of the business cycle.
