Benfield offers paperless documentation

Benfield can now provide all technical documentation (claim advice, claim settlement, premium credit closing and treaty balance), in a paperless, electronic format. The system enables invoices and closings to be delivered directly to customers after transactions are processed, according to Paul Smith, head of transaction processing at Benfield. Closings are attached to an email in the form of an electronic file which can be saved to a customer’s computer system.

Andrew MacDonald, operations director at Benfield says that the system is already successfully operating in the US and will now be available worldwide. He also said, “Pending the development of

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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