Internet Applications Become A Broker Tool

National Underwriter Property & Casualty-Risk & Benefits Management, June, 1998 by HAYS, DANIEL

Brokers of big liability insurance packages are making increasing use of the Internet for some aspects of commerce, but at this point the activity level is still fairly low, industry executives said. For example, at Chicago-based Aon Risk Services Joe Prohaska, vice chairman of financial services and chief financial officer, said he expects the firm's amount of electronic commerce to more than double in the next 12 to 18 months.

But, he noted that Aon is "starting from a small base, so doubling is not as significant as it sounds." Aon provides two password accessible extranets. One system, AonLine, is for risk managers and provides them with information about their specific placements. Using that system, a client can, for example, access an abstract of all its...

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