In the age of digitalization, companies would prefer to conclude directors and officers liability insurance policies for their executives at the push of a button, or at least as quickly as possible. Admittedly, there are already online portals for D&O insurance. However, they have so far only offered standard policies of individual insurers to intermediaries. Tailor-made coverage concepts for business leaders are complex and therefore not yet digitally available.
This is why Howden Germany, the market leader for management liability insurance, launched the Howden Digital Network last week, an online platform that makes the entire range of insurance products transparent and comparable for brokers. Together with its broking and insurance partners, Howden will build this infrastructure by 2021.
mgm provides the technology for this project. “With the Howden Digital Network, we offer an open platform for brokers and insurers. This means: By using interface standards such as BiPRO, participation in the network is very easy and in-house systems can continue to be used,” explains Marc Philipp Gösswein, Member of the executive board of mgm technology partners.
More information about the Howden Digital Network can be found in Howden Germany’s latest press release.