NTR pilot to ease complex business underwriting
Broker Network is piloting a network trading room (NTR) environment that aims to allow members to place complex commercial risks.
Brokers submit quote requests via telephone directly to the admin team that then distribute it to each of the six in-house NTR insurers.
Insurers currently on the NTR panel include Aviva, Zurich, Axa, Broker Network Underwriters, Equity and NIG with Fortis set to join mid October.
The pilot commenced at the start of August with 50 brokers but NTR manager Rhiannon Bates said it had been so well received that there were now plans to extend it to a handful more brokers each month until the pilot
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