Electronic Trading Solutions
NMU offers a range of products that can be can be transacted electronically on the Acturis platform – 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 platform.
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 product:
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:
NMU U-Trade delivers full-cycle e-trading without the 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.