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Back to all SSP Limited announcements

SSP insurance solution to support Mapledown launch

SSP, a leading global provider of insurance technology, has today announced that Mapledown, Lockton International’s managing general agent (MGA), is ready to go live with SSP’s insurance policy administration and underwriting solution, as it moves another step closer to launch.

With a suite of products targeted at SME clients, Mapledown is focussed on providing a range of full service capabilities that can deliver a comprehensive work transfer solution to insurers and other value-added services to clients, across multiple distribution channels, including brokers and consumers. The solution will support the full insurance lifecycle, from quoting and binding through to accounting and reinsurance management, providing Mapledown with a flexible and efficient platform to support future growth opportunities.

Mapledown's decision to choose SSP followed a comprehensive 'proof-of-concept' exercise that successfully addressed the company's specific requirements for long term self-sufficiency and flexibility by allowing it to configure insurance products itself, in-house.

"As a start-up, we wanted an easy-to-use system that would allow us to be self-sufficient, and which could also be easily developed and customised in-house," says Kenny Thorpe, chief underwriting officer at Mapledown. "Most importantly, we wanted a solution that could provide us with all of these benefits straight out of the box, which is exactly what SSP has delivered. With SSP’s proven track record, we were confident from the start that the solution would support our key business objectives – in a very short timescale – and yet also grow with us as we develop. SSP’s experience and unique implementation processes have ensured that the project has been delivered on time and on budget."

"As Mapledown's business is expected to grow very quickly, it was important for it to have the in-house capability to develop and launch new products quickly across a range of distribution channels," said Laurence Walker, chief executive officer at SSP. "However, in the current climate insurers and MGAs are not only looking for innovative IT solutions, they want the certainty that they will be up and running quickly. SSP has again delivered on both counts, providing Mapledown with a great platform for its future success."

The solution was implemented using The SSP Way, a unique approach which provides low risk, proven and repeatable delivery capability. With project management best practice at its core, The SSP Way provides a structured framework for implementing change at every stage of a project or programme, with a special focus on client, stakeholder and team management.