Electronic Trading Solutions

NMU offers a range of products that can be can be transacted electronically – increasing business process efficiencies

The insurance market is seeing a significant shift in trading methods towards electronic placement solutions, as brokers look to streamline processes and to reduce the frictional costs associated with the placement and management of business.

As part of our commitment to enhancing our product and service offerings, we are continually developing new electronic routes to market, such as our U-Trade and E-Trade solutions on the Acturis and Realytix platforms.

What is E-Trade

E-Trade is a fully auto-rated placement route for new and renewal business, offering an end-to-end solution for simple risks.

E-Trade is currently available for the following NMU products:

Terrorism (Acturis)

CyberSafe (Realytix)

For more information about our CyberSafe Insurance or for a demo of our e-trade Cyber solution, contact your local NMU branch or our Cyber & Financial Lines Underwriting Manager, Matt Drinkwater.

What is U-Trade

U-Trade sits between the manual and auto-rated routes to market. It offers all the benefits of “proper” underwriting and the convenience of the quote/bind process sitting wholly within Acturis – technology in support of people, not in place of people.

U-Trade is currently available for the following NMU products:

Terrorism (Acturis)

Cargo (Acturis)

Freight & Hauliers Liability (Acturis)

Engineering – Computers (Acturis)

NMU U-Trade delivers full-cycle e-trading without the potential pitfalls of auto-rating – for new business, MTAs and renewals. Furthermore, it offers total flexibility. No matter how big or small, simple or complex the risk, NMU U-Trade can cope.

For more information on the benefits of Electronic Trading Solutions, contact your local NMU Development Underwriter.

Related Downloads

Electronic Trading - NMU Products on the Acturis Platform

17/06/19

News: War & Strikes Updates | 17th June 2019

Our War and Strikes risk update for 17th June is now online and can be found by... read more

15/06/19

News: Giving brokers the confidence to sell cyber insurance

With the majority of brokers (78%) citing cyber as an area of growth, it’s staggering to see... read more

11/06/19

News: Gary Barlow contributes to BIBA Terrorism Guide

BIBA recently collaborated with a number of government departments and industry experts – including our very own... read more