Brit Insurance rolls out MTCinteractive

Brit Insurance Holdings PLC is today announcing the roll out of its Motor Truck Cargo ("MTC") Interactive Insurance portal. The new product, MTCinteractive (www.brit-mtc.com) has been designed to streamline the placing of MTC business.
October 24, 2002


The portal has already undertaken over 240 transactions for some 53 producing wholesale brokers and this number is expected to increase substantially.

The portal cuts out what has been an extremely laborious end to end process. Instantaneous quotes and even claims can now be handled 24 hours a day over the Internet accessed from any telephone point. MTCinteractive costs nothing to implement, eliminates the cost of fax, telephone and paper, cuts out human error and all parties can monitor activities in real time. It preserves the existing relationship between Retail Broker, Wholesale Broker, Lloyd's Broker and Underwriter whilst improving transactional efficiency - so reducing costs for all.

Neil Eckert, Chief Executive of BRIT Insurance Holdings PLC said: "We are excited about the potential of our new portal, MTCinteractive as it totally changes the cost model for wholesale producing brokers, Lloyd's brokers and underwriters alike. It is hugely beneficial to the market and we are currently developing similar applications to support the distribution of other business lines."

ENQUIRIES

Neil Eckert, Brit Insurance Holdings PLC
020 7984 8511

David Haggie, Haggie Financial
020 7417 8989
 
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