Price Forbes Aviation goes digital with EDGE
19 April 2021
Price Forbes today announces the launch of a digital General Aviation facility that will quote and bind risks with a leading Lloyd’s syndicate within minutes.
The development within Price Forbes’ proprietary EDGE platform will improve speed of service and placement for clients by delivering quotes in real time.
Paolo Di Silvio, Executive Director of Aviation and Space at Price Forbes said: “General Aviation has been a difficult sub class of Aviation to facilitate in the London Market place over recent years due to its high volume, lower premium levels and the inefficiencies in the trading landscape. We are changing that by allowing markets to digitalise their capacity and efficiently target the staple of the General Aviation sub class.”
Ryan Burdon, Associate Director of Aviation and Space added: “The goal is to modernise the placing process for General Aviation, support the London Market and offer a solution to clients worldwide”
EDGE is a Cloud Based Web Application developed by Ardonagh Specialty to provide a digitised broker experience in the London Market. Trent Somerville, Ardonagh Specialty head of digital, added: “After months of development we’re delighted to add Quote and Bind functionality to EDGE – it’s a significant moment in our digital journey.”
Ardonagh Specialty CEO James Masterton said: “Today’s announcement is the first step towards EDGE becoming a multi class quote and bind marketplace and follows on from our cross class capacity solution within the EDGE environment.”