TriSystems launches electronic underwriting system

Technology firm TriSystems has launched a version of its Lime-St.com electronic messaging system for underwriters.

The launch complements TriSystems’ existing Lime-St.com For Brokers offering. The underwriting and broking versions of Lime-St.com have separate hosting and governance to avoid concerns over one influencing the other.

The new system allows underwriters to receive and process electronic endorsement and electronic back-office (eBOT) messages, as well as a facility to convert bordereaux – breakdowns of premiums and claims paid and owed in spreadsheet form – into the format of choice.

The system is connected to The Market Exchange, a system for transferring electronic messages around the Lloyd’s and London markets.

Lime-St.com For Underwriters is available as a cloud service, which means users access the application through a web interface rather than installing it on their own machines.

According to TriSystems, underwriters have previously had to rely on traditional in-house installation of electronic message gateways and management tools, or use those hosted by their software providers.

“Lime-St.com For Underwriters is leading the way from the tactical to the strategic use of messaging in readiness for the market’s push to process electronic endorsements for all classes of business in March,” said Lime-St.com director Jeff Ward in a statement.

He added: “We are confident that Lime-St.com For Underwriters will follow the success of our well-established electronic broking platform. Crucially, it handles eBOT as well as eEndorsements, allowing non-bureau carriers to take rapid advantage of this new technology.”