Total Systems sign contract with Capita for Ultima insurance platform

29 July 2008

Total Systems plc (“Total”) are delighted to announce the signature of an umbrella contract under which the first purchase order has been signed off with a value of £2.6M including licence fees of at least £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 Total’s customer, Capita Insurance Services (“Capita”), have gone live with Principle Insurance Holdings on Total’s 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 insurers’ businesses across a number of products and multiple distribution channels.

Terry Bourne, Chairman and CEO of Total said “this 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 processes”

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