Total Objects Success at AAMGA 2015

‘New Products, Visionary Business Strategy and Revolutionary Technology’
 
LONDON - April 2, 2015 - PRLog -- Total Objects Success at AAMGA 2015 - ‘New Products, Visionary Business Strategy and Revolutionary Technology’

Expert London Market Panel Endorse BinderCloud and New QuoteCloud app to attending MGAs.

London, UK, 02 April 2015
- Insurance software specialist, Total Objects, has successfully launched its QuoteCloud application to the American Market at this year’s American Association of Managing General Agents (AAMGA) Automation Conference. The event also enabled Total Objects to secure significant interest in its BinderCloud solution.

The new app simplifies the MGAs capability to produce Lloyd’s certificates and automatically generate risk level declarations into the BinderCloud solution (eliminating the need for bordereaux). The QuoteCloud app is a shared repository using multiple brokers to produce Market Reform Contracts.

Total Objects understands that MGAs are looking for simplified Lloyd’s Policy & Certificate issuance, which is integrated with their London Broker and for the resultant risk data to be provided in real-time. QuoteCloud requires no IT infrastructure as this is an internet cloud application running in Microsoft Azure.

The Total Objects team was also keen to build on its main message delivered at the 2014 conference by demonstrating to the attending MGAs that it is now as easy to deal with London as it is with leading domestic Carriers, and highlighting how BinderCloud achieves straight through, real time XML processing.

Paul Evans, Total Objects Managing Director, UK, comments: “At last year’s conference we realised that American MGAs were slow in adopting cloud technology or shared platforms, unlike the London Market, which has been quick at integrating cloud based solutions. At this year’s conference, we were pleased to see that American MGAs are increasingly looking to embrace real-time and cloud technology. It was rewarding to show American MGAs that Total Objects can provide comprehensive technology solutions that address their business challenges.”

The excitement generated throughout the vendor tour ensured a packed house for Total Objects’ showcase presentation. The excellent QuoteCloud team expertly guided the audience through how the new QuoteCloud application operates. The presentation was well received and the feedback from those in attendance was very encouraging.

The highlight of the conference was at the London Panel event, where panellists made up of representatives from preeminent London market brokers, managing agents and carriers, all agreed that the London Market needs to provide a central platform to support American MGAs. Total Objects was delighted that the panel endorsed BinderCloud and QuoteCloud as solutions which could achieve this aim.

Paul Evans continues: “I would also like to take this opportunity to thank those who visited us throughout the conference, and the positive feedback we received will continue to drive us to provide market leading software for the Global Insurance Market.’’

Contact
Tom Peace
***@totalobjects.co.uk
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Tags:Insurance, Cloud Technology, BinderCloud, QuoteCloud, AAMGA
Industry:Insurance, Technology
Location:London City - London, Greater - England
Subject:Events
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Page Updated Last on: Apr 04, 2015
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