QBE in SME drive

QBE has announced that it is launching a range of electronically traded products targeting the SME market.

Following a tender and development process last year, the platform for delivering these products will be Acturis, with whom QBE has signed a long-term partnership for future electronic product development.

QBE will use the Acturis system to trade and administer parts of its SME portfolio as well as distribute product to third parties.

Terry Whittaker, managing director of the National division of QBE said: “In July last year, we selected Acturis as our preferred trading and administration system for our SME package business following a thorough evaluation of the IT solutions available. Acturis is a high quality, leading-edge underwriting and e-commerce platform with a reputation for innovation and excellence. The Acturis system is critical to our push into the SME market. The project has completed to time and budget and we commenced trading in January, having already bound new business fully electronically. It is very rare for projects of this magnitude to complete to time so both teams should be congratulated.”

Ben Wilks, insurer development manager of Acturis said: “QBE are joining an increasing number of high profile insurers selecting the Acturis system for their trading and distribution. We believe our growth is due to our reputation for delivery and our deep knowledge of electronic trading.”

“It has been a privilege for us to work in partnership with QBE, supporting them in developing the SME area of their business. We have built a great working relationship with QBE and are look forward to growing our relationship, to the benefit of both companies, through 2009 and beyond.”