Progressive Direct Insurance Company (Progressive) has started operating SSP Pure Insurance solution, replacing Progressive’s existing legacy administration systems, after an 11-month implementation phase.
SSP, a leading global provider of insurance technology solutions was selected by Progressive to provide its Pure Insurance solution in Australia last year. Progressive offers a 100 per cent online, low cost car insurance solution for Australian Motorists.
SSP Pure Insurance is an easily implemented, flexible, end-to-end core insurance system solution, providing all the key components needed to manage an insurance operation, including policy administration, product development, claims management, finance, reinsurance and co-insurance as well as inbuilt document management, task management and business analytics.
Paul Miller, SSP general manager, Asia Pacific, said the technology provides Progressive with a modernised platform to meet the needs associated with constant industry changes and the latest insurance products, while automating processes and tasks to help reduce operating expenses.
“SSP Pure Insurance’s modern platform is now making it faster and easier for Progressive to add new functionalities, respond to change and modify its processes that will help grow the business further,” Mr Miller said.
“SSP was appointed in September 2014 to replace Progressive’s legacy system and we are pleased that we’ve been able to implement a customised solution for the business, providing a modernised platform to underpin an ambitious IT roadmap,” Mr Miller said.
Simon Lindsay, Country Manager for Progressive Australia said that as a 100 per cent online business, it was important for Progressive to replace its ageing infrastructure and technology and fully leverage its digital capability and to be competitive in a growing market.
“Upgrading our platform was a critical initiative as, following a period of significant growth, we could see that our existing technology was becoming inadequate,” Mr Lindsay said.
“As a fully scalable, web-enabled solution that can manage the entire business lifecycle from a single platform, SSP Pure Insurance aligns well with Progressive’s 100 per cent online business model,” Mr Lindsay said.
The contract between SSP and Progressive was signed in September 2014, with the implementation phase finalising in August 2015.