General Insurance

A time for change

Insurance on a global scale continues to undergo frenetic change with institutions invading each other's customer and product markets. The effect of globalization and new technologies are all further impacting the level of turbulence.

Global Expansion: Leading insurers continue to be committed to global strategies. In the coming year, expanding in China and other Asian markets will be a major focus. Source: Deloitte: 2005 Global Insurance Industry Outlook

Customer Value: In UK it will be the creation of customer value which separates successful organizations from the rest. Participants in the UK insurance industry have had to recently overcome a number of challenges, both economic and regulatory, which have shaken the industry and challenged its profitability. Enhancing efficiency across the administrative process, from new policy application to claims settlement, in order to offer relevant products to new market segments is only going to become more important to ambitious organizations.

Internet Enabled Technology: In the US, high-performing Property & Casualty firms are looking to new technologies to help provide a competitive edge. The next wave of such innovations is internet enabled technology which will allow everyone involved in the insurance process to be interconnected. Such advancements could result in dramatic change and tremendous opportunity for profitable growth within the next five years.

Better customer service and more relevant products: In all developed insurance markets customers are coming to expect immediate responses to their questions. With effective systems in place, insurance companies can provide relevant answers quickly and offer more targeted, value-added, products and services.

The UniRisX Solution

UniRisX is the on demand global insurance service that allows insurance participants to rapidly deliver innovative products that meet customer needs. We offer a flexible alternative to existing distribution systems by offering a web based service for the rapid creation, launch and management of general insurance products.

Underpinned by an adaptable rating engine, UniRisX allows our clients to improve their organizational performance and quickly develop appropriate products using real time management information. The service substantially reduces the cost and complexity of administration through “one & done” Straight Thru Processing.

Learn more about UniRisX click here or to discuss our General Insurance solution, contact Andy Philpott at This e-mail address is being protected from spambots. You need JavaScript enabled to view it