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Back to all SSP Limited announcements

Enterprise chooses SSP Pure Insurance to support exponential growth

Enterprise Insurance Company Plc (Enterprise), a leading provider of general insurance products to over two million policyholders, and SSP, a leading global provider of general insurance technology solutions, today announced that Enterprise has chosen SSP Pure Insurance to replace its existing legacy administration systems. Enterprise is one of four new clients that SSP has won in the last three months.

Gibraltar-based Enterprise provides a diverse range of insurance products – including motor, household, warranty and legal expenses – to intermediaries and managing general agents (MGAs) in the UK and Europe. Following a period of significant business growth, the company could see that its existing technology platforms were becoming inadequate to handle its expanding requirements. As such, following a comprehensive market review, Enterprise selected SSP to provide a highly flexible, end-to-end core insurance system for all its lines of business.

With SSP Pure Insurance, Enterprise will benefit from a configurable bordereau management tool that will allow the company to import bordereaux from intermediaries and MGAs directly into the system without the need for manual intervention. This will allow it to consolidate its data and give its management team greater control to act upon a wealth of financial and operational management information.

SSP Pure Insurance’s enhanced product builder tool will also enable Enterprise to reduce the time that it takes to build and maintain products, making the company even more responsive to the market and reducing its administration costs.

“We expect to see a number of significant benefits as a direct result of our work with SSP,” said Andrew Stone, Chief Operating Officer at Enterprise Insurance. “Along with the improvements in operational efficiency and robust data management that SSP Pure Insurance will give us, it will enable us to do business with our intermediaries and MGAs in the way they want us to – using EDI technology for the distribution of our products and delivery of business and information. It means we can continue to grow our business and recruit and retain like-minded intermediaries and MGAs by offering them more effective and efficient ways of doing business with us. In addition, its easy-to-use visual dashboards and reporting will give us the ability to monitor how a broker or MGA is performing and report on them very quickly.”

Steve Lathrope, Managing Director of SSP’s Insurer Division said: “After years of maintaining the status quo, insurers like Enterprise are now investing in strategic IT projects, particularly around legacy modernisation and digital channels, to transform their businesses. To achieve this goal, however, they need to implement flexible, low-risk solutions from companies that have proven delivery experience.

“SSP Pure Insurance will provide Enterprise with a single, scalable platform for managing the entire business lifecycle and allow it to be even more responsive to the market. With a modern solution in place, Enterprise will not only be able to manage and control its future growth more effectively, but will also have much greater insight into the risks it is underwriting.”

Andrew Stone added: “We reviewed a number of leading providers and systems before choosing to work with SSP. We selected SSP Pure Insurance for its ability to support our diverse business model, as well as the company’s unrivalled knowledge of the general insurance market. We are confident that SSP Pure Insurance will allow us to transform the way in which we operate by providing us with a strong, flexible platform for managing and reporting on our business, both now and in the future.”

SSP Pure Insurance is a highly flexible, end-to-end core insurance system for all lines of business, with modules including product development, policy administration and claims management. A fully scalable, web-enabled solution, SSP Pure Insurance provides a modern platform for insurers to manage the entire business lifecycle from a single solution. With rich functionality, SSP Pure Insurance delivers self-sufficiency and provides a rapid return on investment.