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Press release:

Ref: OGI0279
8th July 2011

New Flexible Pricing for Commercial Lines from Open GI

Open GI has launched its new flexible pricing tool, Active Quote for Open Trader to allow brokers to apply specific pricing rules and discounts for different Commercial Lines schemes.

Brokers now have the ability to save considerable time and money by automating the quote process for special deals and, at the same time, improve the customer experience of quickly sourcing the best competitive quotes. By setting up automated rules brokers can enjoy the benefit of staff no longer having to manually calculate premiums.

This new enhancement builds on the success of Open Trader that simplifies the quote to sale process for numerous product lines that include Property Owners, Tradesman, Shop, Offices and Surgeries, Pubs and Restaurants, Hotels and Guesthouses. Open Trader is now processing over 2,000 transactions per day.

For Open GI Sales & Marketing Director, Simon Hughes, the new product will bring considerable benefits to brokers. He comments: “Active Quote has been available to brokers for Personal Lines for some time and due to its success, it was the natural choice to make this facility available for Commercial Lines and to allow brokers to provide more competitive quotes in real time to their clients.”

For More Information about Open GI:
Adele Clarkson
Marketing and PR Manager
Open GI
Tel: +44 (0)1905 754455
email: adele.clarkson@opengi.co.uk

Notes to Editors:

Open GI supplies market leading IT solutions to insurance brokers across the UK & Ireland. With 20,000 users in around 2,000 firms, the company has a 40% share of the UK broker market and is committed to technological innovation. Open GI technology enables personal and commercial lines brokers trading in standard and niche markets to streamline business activity and become more profitable. With a workforce of 350 people and a 30-year heritage, the company enjoys a strong financial performance. For the year ended 31st May 2010 Open GI reported revenues of £35.0 million and an operating profit of £21.1 million.