Posted on 08 Sep 2010
Aon Benfield, a world premier reinsurance intermediary and capital advisor, on Tuesday announces the launch of an application for its proprietary facultative placement platform, FAConnectTM.
In response to client demand, the new App will be available shortly, both in Apple’s App Store for use across a range of Apple products – including the iPod touch, iPad, and iPhone – and also in BlackBerry’s App World.
Launching an App widens the distribution channel for FAConnect and increases its potential user base. The App will also provide enhanced access for FAConnect’s 350 current users.
FAConnect, which was launched around 10 months ago, allows ceding companies to connect directly with reinsurance markets, enabling them to quote and bind their facultative risk placements in under five minutes.
The platform, which currently accommodates 13 product lines, can still be accessed from any internet-enabled device, but the App allows clients and markets to trade away from a desktop or laptop computer.
Elliot Richardson, CEO of Aon Benfield Fac, the facultative division of Aon Benfield, said: “The launch of an App for FAConnect is another world first for Aon Benfield. It is designed to give our clients immediate access to the dynamic and fast-trading facultative market, where a rapid response time is essential. Our clients can now utilize an array of products on the move, and the App also assists their Aon Benfield broker to respond to any queries they may have about their transactions. In being the first to market with a dedicated App, Aon Benfield is proud to lead the way in pushing the limits of technology to better serve our clients.”
Dawnmarie Black, Head of Global Products for Aon Benfield Fac, added: “With this App we will continue to lead the charge and push the boundaries to make facultative buying and underwriting as efficient as possible whilst still using the incredible human capital that is essential to this business."