LONDON, PARIS, 23-7-2015 — /EuropaWire/ — SSP, a leading global provider of insurance technology, and Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, have entered into a services agreement focused on enabling general insurers to accelerate their digital ambition and replace legacy systems.
The relationship leverages Capgemini’s deep insurance expertise as both a systems integrator and process improvement expert across the insurance value chain to bring SSP’s Select Insurance platform and distribution/data services to insurers operating in the highly competitive UK personal lines market.
SSP Select Insurance platform provides a powerful combination of flexible, agile core underwriting, policy administration and claims functionality, coupled with sophisticated multichannel distribution that supports customers interacting direct, through aggregators, brokers or affinity partners – and via PC, smart phones or tablet.
Two leading UK insurers have chosen SSP Select Insurance in the last three months, and implementations are already underway on digital programs focused on both the UK household and automotive business, where Capgemini is already actively supporting work.
As a systems integrator, Capgemini brings extensive insights and best practices for the digital insurer seeking to access and accelerate their digital capabilities across channels. With strong experience in working with leading insurers in optimizing data, Capgemini uses proven methodology to shape market leading customer solutions with SSP to ensure rapid time to value for these clients.
Capgemini will work with SSP and our joint customers to accelerate implementations of their new digital platforms, alongside the migration of existing business and of their legacy systems.
“In today’s increasingly competitive market, flexibility, and the ability to provide a consistent experience to customers across all channels is more important than ever. We are delighted to be working with Capgemini to add to our ability to create innovative digital insurance solutions for our customers, and to accelerate the pace with which we are able to help them to realize these ambitions,” said Stephen Lathrope, Managing Director of Insurer at SSP.
“Insurers are looking for cost-effective ways to create the capabilities that they need in order to drive profitable growth. Legacy platforms don’t provide the flexibility or agility that insurers need in order to compete successfully, but implementing new platforms and achieving a smooth migration can be challenging,” said Nigel Walsh, Vice President and Head of UK Insurance, Capgemini. “Capgemini has a strong record in working with insurers from digital strategy to design, implement, and run business critical systems. We are delighted to be working with SSP and the Select Insurance product”.
With more than 145,000 people in over 40 countries, Capgemini is one of the world’s foremost providers of consulting, technology and outsourcing services. The Group reported 2014 global revenues of EUR 10.573 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.
Capgemini’s Global Financial Services Business Unit brings deep industry experience, innovative service offerings and next generation global delivery to serve the financial services industry. With a network of 21,000 professionals serving over 900 clients worldwide Capgemini collaborates with leading banks, insurers and capital market companies to deliver business and IT solutions and thought leadership which create tangible value.
More information is available at: www.capgemini.com/financialservices
SSP is the leading provider of general insurance technology solutions, operating in more than 50 countries across the UK, Europe, Asia-Pacific, Africa and USA.
With more than 25 years’ experience and industry expertise, we develop and implement technology solutions and back office systems that enable our customers to reduce the cost of their operations, increase their distribution and create a better customer experience – improving our customers’ profitability and effectiveness.
Uniquely positioned, with end-to-end visibility “from the insurer to the insured”, we understand the challenges our customers face and leverage our capabilities to provide significant industry value across the entire value chain.