Catlin, the international specialty property/casualty insurer and reinsurer, and SSP, a leading global provider of insurance technology, today announced that Catlin has gone live with S4i as its new policy administration and underwriting solution for its motor fleet business.
With significant growth targets for its motor fleet business over the next few years, Catlin recognised the need for a modern, flexible, end-to-end solution that would allow it to increase its speed to market and reduce its costs.
The implementation of S4i will enable Catlin to increase its efficiency across the entire policy lifecycle, including underwriting, policy management, accounting and claims handling operations, whilst providing underwriters and operational support representatives with an intuitive, user friendly web-based interface.
A future-proof package solution that required minimal development was a key requirement in Catlin’s selection process. “Whilst the excellent reputation and reliability of the solution are important, we also wanted the support of an experienced partner with a strong track record for delivering solutions. SSP’s focus on our objectives and the needs of our business has been refreshing. We are delighted with the relationship that has been built between Catlin and SSP throughout this project and look forward to working with them even more closely in the future,” said Teresa Beach, head of business change at Catlin.
Commenting on the partnership Dean Richardson, head of sales, insurer systems at SSP, said: "With the insurance market continuing to change, product innovation and speed to market are key priorities for insurers and managing general agents. Catlin recognised that this requires a flexible IT solution to allow them to quickly adapt to their customers’ changing needs. Having been implemented by over 50 insurers and MGAs worldwide, S4i’s modern architecture is scalable and proven to deliver cost savings and improved performance. We look forward to working closely with Catlin to support the expansion of the business over the coming years.”
SSP’s S4i is a highly-flexible, end-to-end policy administration system for all lines of business, with modules including product development, policy administration and claims management. A fully scalable, web-enabled solution, S4i provides a modern platform for insurers to manage the entire business lifecycle from a single solution. With rich functionality, S4i delivers self-sufficiency and provides a rapid return on investment.