Ecliptic, the dedicated technology arm of Advent Insurance Management, has launched its ARIES global collaboration platform, providing oversight of the entire Delegated Authority (DA) stakeholder process on a single system.

Benefits for insurers, brokers and MGAs include a single global platform to manage all aspects of DA’s stakeholder relationships.

Other benefits include a single global process for awarding contracts, managing relationships and managing performance, as well as a comprehensive audit award and delivery tool with the ability to adapt and customize. apply notation to meet specific requirements.

In addition, it includes a single source of data, management information and information for all delegated contracts and all parties involved (MA, broker, coverholders, third party administrators (TPA)).

TPAs can also benefit from a single point of access that allows multiple insurers to view and undertake their due diligence, and enables them to receive and manage all contracts and delegated authorities, as well as management information on insurers, relationships with MGAs and brokers, panels, and usage.

Gallagher Re

ARIES was developed in collaboration with market and AD stakeholders at Ecliptic’s recently launched Inov8ionLab on Lime Street, as part of its commitment to enabling the London market to realize its ambitions through technological innovation.

Paul Bermingham, Managing Director of Advent and CEO of Ecliptic, said, “ARIES extends the GEMINI expert management system concept; a market-scale solution built and administered by Ecliptic and funded by the LMA.

“If GEMINI is the platform enabling end-to-end collaboration between insurers and experts, ARIES is the platform enabling end-to-end collaboration between all stakeholders in the DA process.

“ARIES will deliver significant benefits for all by reducing the errors, complexity and inefficiencies that have obsessed DA for too long, forcing many TPAs ​​to look to local markets. ARIES provides full visibility to all parts of the DA world. »

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