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Catch up with the latest press releases from LV=

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LV= Broker launches new technology integration partnership with Acturis

Press release: 06/02/2012

LV= Broker today announces the launch of a new technology integration partnership with Acturis, LV= Easytrade. The new integration enables brokers to share risk data seamlessly with LV= Broker, access real-time quotes, share client documents and refer complex cases at the touch of a button.

LV= Easytrade effectively integrates back office functions between broker and insurer systems. When a broker enters client and risk details onto the Acturis system it automatically updates LV='s trading system, preventing any loss of data quality through manual transferral. It also provides a full audit trail for both broker and insurer and saves time wasted on re-'keying' information.

Brokers can also refer more complex business to LV= Broker electronically with LV= Easytrade using their existing Acturis system without a re-key. Supporting documents or notes can be attached to an application and sent instantaneously to the underwriters for a decision. This means documents can be shared online and quotation decisions made for more complex cases quickly.

The new integration technology was piloted with a small number of brokers last month and is now being rolled out to the full Acturis broker network. There are seven LV= Broker products available on the technology platform: Property Owners, Shops, Offices & Surgeries, Restaurants, Public Houses, Hotel & Guesthouse and Trades & Professionals. LV= Easytrade is able to offer quotes for both new and renewal business.

Theo Duchen, co-chief executive officer at Acturis, said: "This pioneering platform allows Acturis brokers to link seamlessly and electronically with LV= across a number of classes, components of which were historically deemed impossible to trade electronically due to complexity. Brokers simply submit documents online which go directly into the LV= underwriting system and once underwritten are returned electronically into the brokers system without any re-key at either end. This will make business much easier for brokers in future."

Mike Crane, commercial lines director at LV= Broker, said: "Brokers are under increasing pressure to demonstrate compliance while remaining competitive in a tough economic environment. LV= Easytrade will save them time, enable them to focus on their customers and serve them more effectively. We are delighted to be working with Acturis on this project and are constantly striving to use technology to improve the way we work with brokers."

About LV= Broker

LV= Broker is part of the LV= group of companies, and incorporates Highway Insurance and ABC Insurance. LV= is a trademark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies.

LV= employs 5000 people and serves over five million customers with a range of financial products. We are the UK's largest friendly society and a leading financial mutual.

When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products.

We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations such as ASDA, Nationwide Building Society and a range of trades unions.

LVFS is authorised and regulated by the Financial Services Authority, register number 110035. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.