Oceanwide's Genoa Marine Insurance System Adopted by Aon

Leading Global Broker to Adopt GENOA Marine Insurance System

(PRWEB) April 23, 2008 -- Oceanwide today announced that Aon, the world's leading global provider of risk management solutions, has agreed to use Oceanwide's Genoa Marine Insurance System to help manage ocean cargo policies for Aon clients in the United States.

Oceanwide's Genoa system is an Internet-based, collaborative end-to-end solution for all lines of marine insurance that offers real-time collaboration for brokers, underwriters, policy holders and other associated third parties. Genoa simplifies policy creation, document issuance, premium booking, billing & collections, renewals and endorsements. It generates cargo insurance certificates over the web, captures shipment & storage declarations and offers comprehensive claims management functionality. Genoa's powerful compliance engine enforces policy restrictions and eliminates errors, and its analytical tools simplify the process of managing cargo risk.

Robert DeMotta, managing director of the U.S. marine practice at Aon Risk Services, states: "Oceanwide was the clear choice for us. We believe that the certificate and claims management modules will improve our customer service efficiency and provide important value-added services for our clients, particularly ready access to live claims data and analysis."

Alisa Morris, Vice President at Oceanwide, added: "We are extremely pleased to bring Aon onto the Genoa platform. Aon's selection of Genoa helps to further cement the system as the market leader and we believe that Aon's strong presence in the market will serve to improve operational efficiencies for all our customers."

About Aon

Aon Corporation is the leading global provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting. Through its 36,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Our industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 offices in more than 120 countries. Aon was named the world's "best broker" by Euromoney magazine's 2008 Insurance Survey. Aon also was ranked by A.M. Best as the number one global insurance brokerage in 2007 based on brokerage revenues, and voted best insurance intermediary, best reinsurance intermediary, and best employee benefits consulting firm in 2007 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/

About Oceanwide.com

Oceanwide is the leading global provider of collaborative Internet-based software to the marine insurance and logistics industries. Oceanwide offers fully-hosted solutions coupled with turnkey implementation support services on an ASP basis. Its systems are used by many of the world's largest insurers, brokers, freight forwarders and shippers, as well as by hundreds of small businesses. The company's web site is http://www.oceanwide.com.

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