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Aspen Re, a Bermuda-registered global specialty insurance and reinsurance company which operates primarily in London, the United States and Bermuda, has used the Yellowblox.com system for four years.
Until 2003, all transactions between underwriters at Aspen Re and clients were paper-based. The company says using Yellowblox has dramatically sped up the flow of information to and from clients and improved information accuracy.
Ian Oakley, an Aspen Re underwriter based in London, said:
"We use Yellowblox for larger accounts with high volume claims where we need to get that information on a regular basis."
"We also use it when underwriting when we need to see a policy before we've been bound to it. It is a referral system as well for insurance policies."
"It has sped up access to information at any point in time as well as improving accuracy because everyone has got the same information at the same time. We have the ability to respond faster and there is greater clarity between ourselves and our clients. I would definitely recommend Yellowblox.com - without a doubt."
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