A digital platform that enables risk managers to maintain and share their exposure data globally with insurers and brokers to speed up renewals was launched on Thursday at UK risk and insurance management association Airmic’s annual conference in Manchester.
Big Ticket Inc. is backed by founding partner MasterCard Inc. and venture capital investors including San Francisco-based Fin Capital. Global advisory board members include Aon PLC, Aviva PLC, Oasis, Zurich Insurance Group Ltd., Pool Reinsurance Co. Ltd. and Motive Partners.
The platform is available free of charge to risk managers and insurance buyers.
Big Ticket will reduce costs, improve data security and free up resources, said Julia Graham, CEO of Airmic and chair of Big Ticket̵7;s advisory board, in a Big Ticket statement.
A standardized, digitized approach to structuring exposure data will help make better decisions, benefiting risk managers and industry participants, Joe Peiser, commercial risk leader for North America at Aon, said in the statement.