Sequel Business Solutions, the leading insurance and reinsurance software specialist, today announces that it has been chosen to provide a range of innovative underwriting, claims and risk exposure solutions to Fidelis, the new entrant from industry veterans Richard Brindle and Neil McConachie.
Long before writing its first risk, Fidelis recognised the importance of technology and undertook a full strategic system selection process to identify the most suitable and innovative products available in the market. This proactive and unique approach will allow Fidelis to negate the costly remediation and data migration work that many companies later face when industrialising or replacing systems adopted in the early days.
After a thorough process, Fidelis has selected Sequel’s suite of products to meet the requirements of its Underwriting, Claims and Insurance Accounting teams. With a tight deadline and regulatory demonstrations, the company not only felt confident that Sequel could provide all of the required functionality, but also could deliver its solutions within the timeframe set.
Ollie Barton-Jones, Head of IT at Fidelis, commented:
“Sequel’s products offer a great balance for a start-up (re)insurance business: the tools and comfort of knowing that the business can operate from day one, along with the knowledge that future growth and associated complexity can be easily configured. These benefits, combined with Sequel’s unparalleled insurance knowledge, meant that Sequel was the stand-out candidate in our selection process.”
Rob Stavrou, Sales and Marketing Director, Sequel says:
“The fact that one of the largest start-ups in the history of the specialty (re)insurance market has chosen Sequel really speaks volumes. As a brand new start up with no legacy system, Fidelis is well-placed to take advantage of best and most innovative software in the market in order to gain competitive advantage. We’re delighted to help Fidelis achieve this goal and look forward to supporting its continued growth in the future.”