Software will help to streamline underwriting processes
Intech, a SWORD Group Company, has announced the signing of a contract with Hiscox for the implementation of Intech’s insurance administration software within its London insurance market operation.
Intech’s software will provide Hiscox’s underwriters with a single view of each risk; supplying reliable data in order to allow accurate pricing.
In addition, the software will co-ordinate activity between individual business functions (underwriting, claims, reinsurance and the operational supporting processes), securely facilitating a compliance-based workflow between internal and external parties involved in the insurance process.
Andrew Turner, director of IT, Hiscox, said: “We are delighted to have chosen Intech as our partners in this project. It is critical that our underwriters have easy access to the data they need to help price each risk and Intech’s software will not only deliver this information but will also provide an efficient and compliance-based workflow system.
"We are making a major investment in modernising our IT systems. Ultimately this will provide further service improvements for our clients.”
Eugene Brien, Business Unit director for Intech ,added: “Intech continues to enjoy considerable success both internationally and domestically.
"It is a testament to the quality and flexibility of our solution and the dedication of our skilled staff that together we have achieved this level of success and look forward to a long and mutually beneficial relationship with Hiscox.”
