2 October 2008
Doing business online has been the mission of Novae Group Plc (‘Novae’) since deploying RiskWrite for its underwriting business in 2004. Novae have now launched its Motor Fleet line-of-business on RiskWrite™, extending the web-based platform to get a range of new products to market quickly and efficiently.
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.
Steve Fookes continues; "The web-based system ensures that paper-based inefficiencies are a thing of the past and helps us provide a higher level of service to our brokers such as online quote and acceptance with immediate document production.”
“Motor Fleet Underwriting is a complex business, especially when interfacing with third party systems likes the Motor Insurance Database; however Sabrefish’s knowledge and experience ensured that we hit our go-live deadline within 90 days and enabled us to commence trading on schedule. We are very pleased with the results since launch and the system has fully met our expectations.” said Fookes.
Sabrefish specialises in developing solutions and IT strategies for companies operating in different areas of the insurance sector. Customers include UBS, Munich Re, Swiss Re and WR Berkley. RiskWrite combines comprehensive business acumen and a wealth of IT project management expertise from Sabrefish and strengthens their ability to help other insurers successfully translate leading edge technologies into viable solutions.