Xuber Secures 20 New Contracts in 2015
Staff Writer | September 30, 2015
Xchanging, the business technology and services provider, today announces positive results from the company’s strategy to strengthen and expand its insurance software division, Xuber, via the acquisitions of Total Objects and the businesses acquired from Agencyport in 2014.
In 2015, Xuber has secured 20 new contract wins with new and existing customers, in addition to growing existing business. The amalgamation of the three businesses substantially increases the breadth of Xuber’s insurance software capabilities whilst bringing the benefits of Xchanging’s global scale and expertise to the acquired companies. Further, the union has created a talent pool that is unrivalled in the specialty insurance marketplace.
Xuber’s vision is to be a catalyst for change by being a trusted, world class leader with the broadest portfolio of products across the broking and insurance value chain, empowering the digital company and ultimately being a catalyst for change for clients.
“This year we have been focused on forging a unified team, driving the integration of Total Objects and Agencyport, and delivering a richer portfolio to our clients,” says Chris Baker, executive director of Xuber. “Following the acquisitions, Xuber has seen strong results with significant commitments from existing clients.
Ariel Re selected Xuber for Reinsurers as its strategic platform, and Emergence and Latitude Brokers chose the GLOBAL software. These contracts provide tangible evidence of the breadth and depth of Xuber’s offering across the insurance value chain.
Ariel Re recently appointed Xuber to provide the Xuber for Reinsurers solution suite for the company’s Lloyd’s and Bermuda businesses. The six-year contract will see the roll-out of Xuber Policy, Xuber Claims, Xuber Billing and Xuber Ceding, a single end-to-end solution with the complete functionality to support Ariel Re’s current business and future growth.
The deployment of Xuber across this international business will enhance the workflow. In a world where the exploitation of data is becoming essential, the Xuber single data model across policy, claims, billing and ceding, will ensure that Ariel Re has a bird’s eye view of its data—critical for the digital insurer of the future and enabling more informed business decisions.
Meanwhile other new contracts secured by Total Objects span the globe, from Australia and Asia, to the UK and North America, further demonstrating the company’s ability to deliver world-leading software products and services to international brokers, agents and underwriters.
Among the new wins are: Latitude Brokers and Emergence Insurance Group.
Latitude is a specialist broker in the shipping, offshore, and supply chain industries. The company wanted a robust and technologically advanced infrastructure to manage clients, premiums, claims, IBA, and compliance around an integrated system. Latitude went live with a fully implemented GLOBAL XB system in six weeks, and manual migration was completed in one weekend by an on-site Total Objects team.
“We had a short timeframe for implementation and Total Objects was able to deliver that from both London and during time in Hong Kong,” says Andrew Brooker, director of Latitude. “We had everything in place within two weeks, which enabled the whole process from order to ‘go-live’ to go through in just six weeks.”
Emergence is a new specialist Australian underwriting agency focusing on emerging risks and, backed by Steadfast and Hollard Group, has implemented Total Objects’ GLOBAL XII and GLOBAL XB systems to help facilitate the launch of its new Cyber Insurance product into the Australian market. Emergence worked in close collaboration with Xchanging Australia and Total Objects to deliver the project, which involved defining and building a fully automated quote and bind product.
“We looked for an IT provider partner who could provide an end-to-end solution with the end user in mind,” says Troy Filipcevic, Emergence’s director. “We needed a provider with a strong global footprint, who keeps pace with technological change and understands insurance, not just technology. We also needed a partner who could support our growth.”
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