Fujitsu launches STP service for insurance industry

07.04.2006

Munich Reinsurance business manager Matthew Pilcher said Vertex's STP platform uses a combination of business rules and underwriting rules to process applications. "While straight through processing has been around for many years, the reality is that few insurance companies are able to process online business 'straight through' from quotation to back office," according to Andy Hunt, Vertex Financial Services managing director.