Aon Benfield, a reinsurance intermediary and capital advisor, is set to launch an application for its proprietary facultative placement platform, FAConnect.
Launched in late-2009, FAConnect was designed to allow ceding companies to directly connect with reinsurance markets, enabling them to quote and bind their facultative risk placements in under five minutes. The platform, which the company says currently accommodates 13 product lines, still can be accessed from any Internet-enabled device. The new app is intended to allow clients and markets to trade away from a desktop or laptop computer.
“FAConnect is designed to give our clients immediate access to the dynamic and fast-trading facultative market, where a rapid response time is essential,” says Elliot Richardson, CEO of Aon Benfield Fac, the facultative division of Aon Benfield. “Our clients can now utilize an array of products on the move, and the app assists their Aon Benfield broker to respond to any queries they may have about their transactions.”
Aon Benfield says the app will be available shortly in Apple’s App Store for use across a range of Apple products, including the iPod touch, iPad and iPhone, and in BlackBerry’s App World. The launching of the app promises to widen the distribution channel for FAConnect and increase its potential user base, as well as provide enhanced access for FAConnect’s 350 current users.
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