Tokio Marine Kiln launches online broker platform

Tokio Marine Kiln on Monday said it has launched One TMK, a digital exchange for brokers to quote and bind policies online in real time with the specialty insurer.

One TMK is a web-based platform that gives brokers direct access to specialist business lines that can be difficult and uneconomical to reach through traditional channels, London-based Tokio Marine Kiln said in a statement.

“High expenses and inefficiencies have been an ongoing problem for the insurance market. The purpose of One TMK is to help brokers reduce the time, and therefore lower the cost of getting a quote and a policy to their clients,” Charles Franks, group CEO for Tokio Marine Kiln, said in the statement.