Reinsurance News

Price Forbes launches digital General Aviation facility

20th April 2021 - Author: Charlie Wood

Independent insurance broker Price Forbes has launched a new digital General Aviation facility designed to quickly quote and bind risks with a leading Lloyd’s syndicate.

Aviation imageThis development within Price Forbes’ proprietary EDGE platform is expected to improve speed of service and placement for clients by delivering quotes in real time.

EDGE is a Cloud Based Web Application developed by Ardonagh Specialty to provide a digitised broker experience in the London Market

“General Aviation has been a difficult sub class of Aviation to facilitate in the London Market place over recent years due to its high volume, lower premium levels and the inefficiencies in the trading landscape,” Paolo Di Silvio, Executive Director of Aviation and Space at Price Forbes.

“We are changing that by allowing markets to digitalise their capacity and efficiently target the staple of the General Aviation sub class.”

Trent Somerville, Ardonagh Specialty head of digital, added, “After months of development we’re delighted to add Quote and Bind functionality to EDGE – it’s a significant moment in our digital journey.”

Ardonagh Specialty CEO James Masterton said, “Today’s announcement is the first step towards EDGE becoming a multi class quote and bind marketplace and follows on from our cross class capacity solution within the EDGE environment.”

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