Aon Benfield has been named “Model Insurer” by international strategy consultant, Celent, at its recent awards ceremony in New York.

The accolade acknowledges Aon Benfield’s FAConnect technology, which allows clients to manage their own facultative risk placements via an Internet-enabled device and helps users enter new markets.

Since its launch in January 2010, FAConnect has gained over 350 users who have completed more than 2,000 transactions across the platform.

Aon Benfield Fac’s head of global products, Dawnmarie Black, says: “FAConnect was designed to bring a greater choice of markets to our facultative clients, securing them better pricing, terms and conditions on their risk placements.”

Celent’s insurance practice senior analyst, Mike Fitzgerald, adds: “Aon Benfield was selected as a Model Insurer because of the firm’s best practices in the use of standards, improved channel integration, and optimization of infrastructure.”

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