Total Systems plc (âTotalâ) are delighted to announce the signature of an umbrella contract under which the first purchase order has been signed off with a value of Â£2.6M including licence fees of at least Â£1.05M payable over the minimum eight year term of the contract. This order relates to phase 1 of the first development under this contract. Following signature Totalâs customer, Capita Insurance Services (âCapitaâ), have gone live with Principle Insurance Holdings on Totalâs customer-centric insurance platform, Ultima. Capita has selected Ultima as their strategic platform for General Insurance, with speed of implementation being a significant factor in the decision making process.
Ultima has proved to be a reliable, efficient and flexible platform for many insurersâ businesses across a number of products and multiple distribution channels.
Terry Bourne, Chairman and CEO of Total said âthis has been a fantastic project to be involved in. Sharia-compliant insurance products are new to the UK market and the experience has resulted in our consultants being well versed in the nuances of Sharia-compliant systems. It is testament to the flexibility of the platform that it can be adapted to meet such complex and challenging products and processesâ