Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, will launch a global reinsurer trading platform on April 11.
Available for use with the July 1 renewals, ABConnect Placements is touted as offering a more integrated, streamlined and documented process for global treaty reinsurance transactions, Aon Benfield said.
The goal is to better serve clients with real-time data and metrics through enhanced collaboration between Aon Benfield’s reinsurers and brokers, the company added.
Reinsurance underwriters can benefit from one portal to access placements, track progress and manage opportunities across Aon Benfield. In practice, this means underwriters can manage key milestones in the placement, including:
- Securely downloading underwriting submission packages, other key documents and data files
- Entering quotes with terms and conditions updated in real time
- Viewing firm order terms and entering authorized lines
Reinsurers participating on July 1 renewals will receive initial registration credentials when the first Aon Benfield broker submits a program via ABConnect Placements.
Once registered, the portal will populate with the underwriter’s Aon Benfield placements as brokers begin publishing additional business on the platform.
A user guide and video demonstration will be available within the site.
Aon Benfield has provided a PDF with a more detailed explanation of how the process works with ABConnect Placements.
*A version of this story previously appeared in Insurance Journal.