06.01.10

Wildnet Group, a leading provider of web-based front and middle office solutions to the global insurance industry, is pleased to announce the successful implementation and ‘go live’ of its Wild Commercial solution to create a front-office underwriting platform within the London office of Tokio Marine Europe Insurance (TMEI).

TMEI, a global insurance company has provided its underwriters with Wild Commercial, which is a web based application allowing them to prepare and provide quotes, bind business and perform MTAs, as well as obtaining and delivering all required documentation. This has resulted in improved processing speed and accuracy, and has freed up underwriting capacity, allowing sustainable growth without increased costs.

Uniquely, Wild Commercial provides a direct interface with SharePoint and MS Outlook. As a result, TMEI’s underwriters are now benefiting from a front-office underwriting tool which is fully integrated with their email and document management applications, an obvious improvement in efficiency.

To drive productivity, and cope with increasing demand, TMEI has chosen to implement seven products within Wild Commercial for its entire UK operation. Wild Commercial is underpinned by an insurance process framework which enables TMEI to handle all classes of business more effectively, from quote and binding to policy administration.

Mark Posner, Operations Manager at TMEI, said:

“We wanted a system that would make life easier for our underwriters to streamline the overall process, eliminate unnecessary admin costs and reduce risk. We have now been using Wild Commercial for six months and we have begun to realise our original objectives. In addition, it has increased the speed at which we can work as well as the certainty of delivery. It will also improve the way we engage with our brokers - so it was important for us to choose an IT partner that could really deliver.”

“We chose to partner with Wildnet Group on this project as the company demonstrated extensive knowledge of both the insurance market as well as the unique challenges presented by our underwriting and risk business. We were also impressed by their technical ability which has been exemplary. We needed a system that we could roll out quickly to deliver benefits in the shortest possible timescale – but also one that would be scaleable enough to form an effective platform on which to build our business. Most importantly, the system needed to empower us to respond to brokers and their customers more quickly, enabling a focused and proactive approach to underwriting and delivering great service to TMEI customers. Wild Commercial not only allows us to reduce our administration costs – it will help to secure the future growth of our business.”

Mark Birrell, Chief Executive of Wildnet Group said:

“The solution will provide a flexible yet robust environment to support rapidly changing business needs. Wild Commercial is adaptable across multiple markets in Europe and capable of delivering real value to TMEI. We’re delighted that TMEI has chosen to partner with Wildnet for its underwriting solutions.”

About Wildnet Group

Wildnet is one of the leading suppliers of solutions to the global insurance market place. With offices in the heart of the City of London, it provides comprehensive professional services and development capability along with a rich portfolio of technologically advanced solutions supporting all areas of the insurance market place. Wildnet prides itself on its highly-qualified people, processes and technology and the way these elements are combined to add value to clients.

Press contact:
Erika Norkeviciute
Wildnet
+44 (0)20 7015 0400
erika.norkeviciute@wild.net

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