Re/insurance broker Marsh has partnered with software firm Unqork on a new digital platform designed to streamline insurance placement and policy management services in the US.
The platform will aim to create a digital workspace where Marsh’s brokers and the insurers they work with can quickly perform key placement and policy services such as structured submissions and quote comparisons.
Features of the new platform include data capture, end-to-end renewal/placement workflows, digital submissions and quotes, self-service dashboards, and financial and coverage comparison tools.
The platform is expected to launch in the second quarter of 2021 with casualty coverage, expanding to property, financial and professional liability, and other specialty lines throughout the year.
“Our no-code platform is designed to enable industry leaders like Marsh to quickly launch complex and mission critical applications allowing faster transactions while providing differentiated experience for all users. We are proud to be the platform powering Marsh’s placement and policy management system,” said Rabih Ramadi, Head of Financial Services and Insurance, Unqork.
“Marsh’s brokers interact with insurers on a daily basis on behalf of their clients,” added Louis Piliego, Chief Operating Officer, Marsh.
“With our new digital platform we are making it easier for brokers and insurers to collaborate by eliminating many time-consuming administrative functions, which will ultimately benefit Marsh’s clients.”