The answer was yes, it certainly could and did!
Initially Meridian had to look for a Trading Platform that the company could work and grow together with. TIW had real understanding and knew exactly how difficult financially and practically it is for small broking houses to consistently keep up with the proposed market requirements.
We also had a more unusual structure from the outset, whereby TIW’s iPlace Platform was to be used by an employee located in the London office and two further employees using iPlace located out of our offices in Greece and Kent on a daily basis.
The company completed the challenging matrix testing from all locations to achieve the goal of going live in September 2010, allowing premium endorsements as well as non-premium endorsements to be agreed.
Placing electronically also provides the ability to reduce a broker’s time away from the office, which allows more time to concentrate on broking the more complex accounts. Added peace of mind came when we experienced our own disaster, totally out of our control and iPlace provided the vital element on a short term basis needed for employees to continue obtaining agreements out of the London office.
All this has been made possible with the sheer professional support provided from everyone at TIW, their service has gone above our expectations.
Meridian received Vanguard status in October 2010 for being one of three Brokers’ to go live with E-Placing, this was only made possible with the support given from day one by TIW.
Both parties are continuing to grow the electronic placing ethos and this will form a fundamental structure within Meridian Risk Solutions to ensure a small broking house can provide the same level of service that any other larger organisation can.”