Net recognised the business opportunity and began developing software with the aim of becoming the leading provider of e-commerce solutions for the insurance industry. The Solution Cover. Net has developed an interactive web site, which allows brokers access to exploit cost saving features such as back office administration, management information and sales lead generating tools. Net also has a 'virtual insurance product' which produces an online quotation for travel cover, accepts payment by credit card and then delivers the necessary documentation instantly by email. The Success Cover.
Net is now Northern Ireland's largest provider of e-commerce solutions for the insurance sector.
The company's solutions comprehensively address the issues confronting underwriters and brokers in managing binding authorities. In addition to the design of insurance products for distribution over the internet, the Cover. Net is constantly growing its revenue by attracting major insurance companies and brokers to the site. The Future Cover. Net has signed an agreement with IT Direct, a section of Lloyd's Insurance Services, for the introduction, promotion and marketing of Cover.