Novae Underwriting get revamp by Salmon

A great new announcement was made this week:

Online Underwriting for Motor Fleet line-of-business

The announcement reflects our delight helping Novae launch its Motor Fleet line-of-business on RiskWrite, extending the web-based platform implemented originally back in 2004, to cater for a range of new productsto be marketed quickly and efficiently.  (You can read the announcement we made when we first started working with Novae here and get a complete case study here).

Steve Fookes, IT Director Novae said; “The introduction of Novae’s Motor Fleet Underwriting Service is an opportunity to strengthen our market position. We needed a completely integrated IT infrastructure that could be aligned across the business which was cost effective and would support ongoing growth.”

Designed as a series of fully reusable and customisable components that allow insurance companies to quickly leverage a truly open IT architecture; RiskWrite provides Novae greater visibility of the insured, policies and claims throughout the life cycle; encompassing such activities as quotations, placement of orders, policy production, financial management, document generation, management information and regulatory requirements.

For those not in the know (I am assuming everyone isn’t an expert in online insurance underwriting, thankfully Salmon are) this is a big deal.  The web-based system we have developed ensures that paper-based inefficiencies are a thing of the past and help Novae provide a high level of customer service to its brokers (such as providing online quotes and offering “acceptance” immediately, together with instant documentation).  Motor Fleet Underwriting is a complex business, and as part of the project Salmon has interfaced with third party systems likes the Motor Insurance Database, however, Salmon was still able to ensure Novae hit the go-live deadline and enabled Novae to commence trading on schedule.

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What a great end to the working week….

Event season

Now that the summer is over (what a brilliant 20 minutes that was) the event season is well and truly here. Just a quick heads up that Salmon will be attending;

Title: Distribution Strategies 2008 (Post Magazine)
When: 30th October, 2008
Where: Victoria Park Plaza, London

Distribution is what is driving insurance forwards. Without a sustainable and effective strategy, business would not survive in this constantly changing and evolving market.  As technologies progress and routes to market become increasingly constrained and competitive, what can you do to ensure your strategy is operating at optimum efficiency?  Distribution Strategies 2008 plans to demystify all.

Let us know if you will be attending either of these events and want to meet.  Contact us via this blog or email us at info@salmon.com.