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New start-up MGA orders Transactor Version 7

Insurance software provider Transactor Global Solutions Limited (TGSL) has been selected by new start-up MGA, Harmonic Intelligent Solutions Ltd as it seeks to establish its position in the market.

Harmonic will initially focus on personal lines business and distribute direct to the consumer online, utilising Transactor Version 7 responsive websites with aggregator integration to offer a seamless customer journey from data entry to quote and buy. The new software will also enable Harmonic to automate all aspects of business administration including underwriting, payments, documentation and accounts.

Harmonic is owned by Jon Byford, formerly of ERS, AXA and NIG. Jon hopes that focusing on a small go-live offering will lead to more successful expansion of products in the future.

Jon said, “After a thorough review of the market we selected TGSL for several reasons. Firstly TGSL has a wealth of experience in personal lines and delivering software solutions to dynamic businesses. The software offers excellent scheme building facilities and the ability to self-manage our scheme structure and rates, react to changes in the market and take a pro-active approach as we identify new opportunities is an essential aspect of our business plan.

“Finally, we are an ambitious business with a drive to succeed and grow. Though we are starting with just one line of business, we aim to increase that significantly in the future, so the software must be scalable. We are looking forward to launch, and growing our business with Transactor.”

Alex Williams, Divisional Director New Business Sales, TGSL, said, “Jon has extensive experience in this sector. He has a clear business plan with ambitious but achievable goals and the drive to succeed. We are looking forward to supporting Harmonic as the business grows and believe we can help provide the foundation to its success.”

Transactor Global Solutions Ltd. (TGSL) is one of the top insurance software houses in the UK providing configurable insurance software to a range of insurance brokers, underwriting agencies, insurers and MGAs.

Transactor includes a range of front and back office software for any class of business and is unique in the level of flexibility it provides. Front end applications interact with back office databases reducing business costs and increasing productivity. Transactor software uses Microsoft .Net architecture making it familiar and easy to use plus systems are readily scalable, supporting multiple branches, channels, brands, affinities, languages, and currencies.

Since inception in 2003, TGSL has supported an organic growth model delivering compound annual growth of approximately 25%. It currently has over 200 staff across offices in Winchester, Milton Keynes and Krakow (Poland).

TGSL clients include Adrian Flux, the UK’s largest specialist motor insurance provider; Caravan Guard, specialist scheme broker; Cornish Mutual Assurance, personal, business, home and farm insurance specialists; UK General Insurance Group, the UK’s largest specialist Managing General Agency; Ryan Direct Group, one of the largest insurance services providers in the UK; AJ Gallagher Insurance Services, a leading UK independent insurance broker and employee benefits consultant; and PetPlan USA, specialist pet insurer.