SSP, global provider of insurance technology, and Capgemini, 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 multi channel 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”.