Key Lloyd’s managing agency Ark chooses Impact for its speed and accuracy
Ark has joined the growing list of major insurance organisations moving to Sequel Impact, Sequel’s risk exposure and aggregation tool.
Lee Ramsden, Head of IT at Ark says: “Impact provides us with greatly enhanced query and mapping capabilities. The technology and knowledge is there to have a system that allows underwriters and other risk management stakeholders the ability to quickly and easily quantify and visualise risk exposure. The Sequel team impressed us with their experience, knowledge and support.”
Rob Stavrou, Sales and Marketing Director of Sequel comments: “Ark is committed to making the best use of modern, powerful software to support its business requirements. Ark represents a trend in the market where forward thinking firms are looking for significant business and process improvements to replace older and less flexible systems.
“Sequel are at the forefront of supplying market enhancing improvements because we concentrate on innovation and investment in our products. We will be announcing further Impact sales in the coming months,” Stavrou concludes.
Sequel Impact, launched in the autumn of 2013, gives the underwriter’s front office, for the first time, in one product and in real time, an accurate graphically displayed exposure and analysis management tool. Cloud based or hosted locally, it is available on devices ranging from desktops to tablets. Little training is needed and the product can be up and running in a matter of days.
Sequel’s risk exposure and aggregation product Sequel Impact is a graphically rich application making full use of the latest visualisation technologies to present data in a variety of useful formats to support insurance companies in their key business decision making.
Sequel Impact is underpinned by a powerful analytical engine that quickly calculates maximum loss scenarios. The application can be applied locally or internationally for a full range of risk exposure situations, ranging from GPS coordinates up to larger geographical zones such as postcodes or marine oil fields. It handles events from floods, for example, through to explosions across multiple classes of business.
Sequel Impact complements Sequel’s existing suite of Eclipse Underwriting and Eclipse Broking products.
Sequel deliver a powerful suite of software solutions – Eclipse - for insurers, reinsurers, brokers, MGAs, coverholders and start ups operating across the Lloyd’s, Companies and international (re)insurance markets.
Eclipse is a strategic suite of business applications built with 100% Microsoft technology that share a common business and technical architecture – all of our products have been designed with open architecture to enable easy access to information and simple connectivity with other systems. This enables customers to have a comprehensive, holistic view of their business.
Sequel’s products have been designed and developed by our insurance experts, in partnership with underwriters, brokers and MGAs. By combining process efficiencies with innovative analysis and reporting capabilities, Sequel’s products give customers control over their business information so they can make decisions quickly and with confidence, as well as taking market and regulatory changes in their stride.
HgCapital announced its acquisition of Sequel in July 2014.