Whitespace, a fully digital e-trading platform for the global re/insurance marketplace, has announced the release of its version 2.12, its fifth major update in the past six months.
This latest update introduces comprehensive support for MRC v3 guidelines, ensuring compatibility with all contract headings detailed in the MRC v3 document published in Lloyd’s Blueprint Two.
According to the announcement, This enables seamless integration and interoperability with the Whitespace Platform for all contracts composed following MRC v3 guidelines.
Additionally, a raft of new data tags have been added to the defined data system, reflecting the cutting-edge of data standards. With this, Whitespace’s defined data system fully complies with CDR v3.2 – the only digital platform to do so.
Marcus Broome, chief platform officer, said: “We have always been committed to providing our customers with a comprehensive and user-friendly platform built with structured data at its core. Release 2.12 incorporates customer feedback and offers full compliance with MRC v3 guidelines, reflecting our unique capability to meet the market’s evolving needs.
The Admin Portal has also been substantially upgraded, improving workflows for all customers and minimising the opportunity for error.
Underwriter customers now have significantly enhanced stamp creation and management functionality, including the ability to assign stamps to specific teams. Meanwhile, brokers have a new template management system to increase template security.
Charley Wright, head of account management, commented: “Release 2.12 is another milestone on-time delivery for the Whitespace Platform, offering even greater flexibility to brokers and underwriters and putting more control in the hands of our customers’ administration users.”
