Target Group Releases IF Channel for Insurers - to Enable Rapid Launch of New Products

28 May 2013

Insurance and Financial Services software specialist Target Group is delighted to announce its latest innovation - IF Channel, which will allow insurers to dramatically cut the time it takes to get to market through multiple sales channels whilst retaining and protecting investment in legacy systems.

Facing a fast changing insurance market with constant shifts in consumer demand, Target has recognised that business agility is key, which is why it has developed innovative new software. IF Channel, part of Target’s InsuranceFaces family of insurance software solutions, gives insurers control over the design and launch of their products online, on mobile, through call centres and intermediary channels, cutting down on time, providing the optimum experience for consumers, and maximising sales for insurers.

Target’s Sales and Marketing Director James Snow said: “With IF Channel we are putting insurance product design in the hands of the product manager and analyst, giving them the power to launch and distribute products across multi-channels in just days, quickly capitalising on new opportunities, and offering a world-class user experience. With IF Channel, the traditional dependency upon IT change control and timescales are reduced. We’re offering insurers new levels of business agility.”

With intensive competition, speed to market for insurers is crucial, and new sales channels mean they have to constantly evolve their routes to market. IF Channel software reflects these demands, whilst also allowing the configuration of insurers’ existing technology, extending the capabilities of current systems, and giving them the power to change and innovate without replacing existing policy administration systems.

Target Group has some 30 years experience in delivering complex software solutions to insurance and financial services companies for the likes of NFU Mutual, Liberty Insurance, Credit Suisse and Barclays. Target has over 500 staff in its operations across the UK, Australia and New Zealand. Target recently rebranded its insurance division, having purchased insurance software specialist Harlosh Limited back in 2007.

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