XL Catlin unveils online platform to quote and deliver newly enhanced personal & business aircraft insurance in the US

By a News Reporter-Staff News Editor at Journal of Transportation -- To keep pace with the insurance needs of the world's largest personal & business (P&B) aviation market, XL Catlin has adopted a new online platform - VB Bind Speed - and joined Aero Quote's network to quickly quote, bind and instantly deliver a newly enhanced P&B aircraft insurance policy in the US. The system's features include auto-generation of quotes, invoices and full policy documents upon binding in PDF format.

Airports in the US are home to more than 117,000 active P&B aircraft, per General Aviation Manufacturers Association (GAMA) statistics, flying over 9 million flight hours annually.

"Using our new VB Bind Speed platform, we're boosting our own underwriting velocity to protect the interests and assets of this diverse market," said Eric Donofrio, North America regional manager of XL Catlin's aviation insurance business. "VB Bind Speed provides our aviation brokers convenient online access to P&B aircraft insurance quotes, and then binds coverage for instant delivery of policies to eligible accounts."

XL Catlin's new aviation insurance platform is available through AeroQuote or directly from XL Catlin's broker portal. For access to VB Bind Speed, please contact your local XL Catlin Aviation underwriter or send an email to: [email protected].

"Our aviation brokers and clients will definitely enjoy the ease of this platform," added Mr. Donofrio. "Even more so, they will enjoy the significantly enhanced coverage, specifically designed to address the liability and loss exposures our P&B aviation clients find themselves facing."

Keywords for this news article include: Aviation, XL Catlin.

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