Castel Joins The Bureau To Maximise Operational Efficiency
1 May 2015
Castel joins The Bureau to maximise operational efficiency
As part of Castel Underwriting Agency’s strategy to maximise operating efficiency, the club-style MGA platform has this week joined the London Market Bureau. Initially providing access to Altitude Risk Partners (ARP), its aerospace underwriting business, in future new Castel cells will also join The Bureau when launched.
The Bureau’s insurance market back office system was originally designed 25 years ago, but has developed a rich functionality over time. According to Xchanging, Bureau participants save over £150m a year by reducing paper-based transactions, minimising IT infrastructure and avoiding back office staff duplication.