Direct Group, one of the UK’s leading insurance services providers, confirms that Transactor Global Solutions Ltd (TGSL) has been selected to provide a new software solution to replace its existing Administration & Trading platform.
A multi-phased implementation process will see the new Transactor system playing a key role in the evolution of Direct Group’s operations following the firm’s recent move to a simpler business structure.
The platform provides Direct Group with a ‘next generation’ solution for existing products as well as those planned in the near future, such as a B2B broker portal and an affinity platform for utilisation by Direct Group’s partnerships.
Ray Vincent, Chief Executive Officer at TGSL, said, “We are delighted to have won this order. Direct Group is a very ambitious business with a great track record for growth through innovation, acquisition and consolidation. I am very pleased that Transactor is going to be a part of that unfolding success story. I am looking forward to providing Direct Group with the technology to support their continued growth.”
Derek Coles, Chief Executive at Direct Group, said, “Transactor will enable us to implement and grow a customer-focused distribution strategy, a key plank in our aim to become the UK’s leading niche and specialist insurance services provider. The new system will be ‘insurance-bespoke,’ meaning we can widen our distribution channels and broaden our product range. We also expect to be able to offer white-labelled distribution for affinities. Our parent, Ryan Speciality Group (RSG), has seen the potential for Direct Group and is committing significant investment in IT to enable us to grow and prosper.”