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Business-to-Business Insurance Exchanges: Market Overview and Current Climate

Published by: TowerGroup

Published: Jan. 1, 2001 - 12 Pages

Abstract

The prototype business-to-business (B2B) insurance exchange of today is a third-party, for-profit online environment for buying and selling primarily commercial insurance or facultative reinsurance products. An iterative process has begun, in which sponsors are using participant feedback to continually develop the structure and functionality of their exchange models. This learning process at leading exchanges is being closely watched by competing firms, as well as by buyers and sellers, insurers and their intermediaries, looking to participate in exchanges.

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