08.01.02 - Wildnet Insurance Services (WIS), a division of Wildnet Group, the market leading ecommerce services provider to the insurance industry, has completed its biggest project to date - the facility to provide online administration services for business transacted via inreon, the Internet-based reinsurance trading platform.

WIS provides the total service package for inreon. In partnership with inreon, WIS has developed a series of XML interfaces between the inreon exchange and Wildnet's established services infrastructure (Nexus). The interfaces provide real time end-to-end processing of inreon transactions.

The benefit to inreon's members is that as well as buying and selling reinsurance on the platform, they will now also be able to receive a full range of 'after sales' services, including premium syndication and accounting functionality.

Mark Birrell, CEO of Wildnet commented, “The completion of this project is an important milestone for us testifying our level of strategic thinking and technical expertise.”

Rob Bredahl, CEO of inreon commented, “inreon is all about revolutionising the reinsurance market by bringing all the benefits of e-commerce to our clients. Our partnership with Wildnet enables us to extend the services on offer, strengthening an already compelling proposition. The administration services are an important part of the inreon platform further enhancing the efficiency and productivity of both buyers and sellers.”