Software Solutions Partners To Drive Further Growth With New Insurer System

Software Solutions Partners To Drive Further Growth With New Insurer System

In line with the Group’s strategy to consolidate its market leading position and to continue expansion into general insurance in continental Europe, Software Solutions Partners (SSP) announces details of an exclusive partnership with specialist general insurance software developer, Koukia Pty Ltd. As part of the initial 10 year agreement SSP has acquired the European distribution rights to market and develop the Koukia general insurance solution.

The core product developer, Koukia Pty Ltd, is a subsidiary of Wesfarmers, one of Australia’s largest and most respected public companies. Members of Koukia’s development team originally developed Polisy, the world’s first on-line, real-time general insurance application and Insure/90, the market leading general insurance system of the 1980’s and 1990’s.

SSP has an established reputation for bringing newly acquired software products to market and will develop and enhance the system further for the UK and European markets. The system, which will become part of the SSP insure product family, will be marketed as SSP insure J across Europe.

SSP insure J is a component-based general administration system, which consists of several independent pure J2EE open standard packaged components. These include Customer Management, Policy Administration (including Underwriting and Rating), Claims Management, Financial Account Management, Reinsurance and Product Development. The system is used by Wesfarmers Insurance Division in Australia.

Commenting on the new partnership David Rasche, Executive Chairman, SSP said, “The acquisition of the European distribution rights to market the Koukia system will broaden our insurer product offering at a time when insurers are increasingly looking to improve their efficiency by replacing existing insurance components or complete systems. Insurers do not want to replace a legacy with a legacy – SSP insure J encompasses the latest IBM service-oriented architecture and J2EE technology platform, and delivers high levels of specialist functionality, process flexibility and modern ease of connectivity. By using new technology we expect lower running costs than existing systems in the marketplace, and insurers can open their systems up to partners and consumers to allow self-service and process transparency.”

Commenting on the new partnership Campbell Johnston, Managing Director, Koukia Pty Ltd commented, “We are delighted to be involved in a partnership with such a progressive UK company as SSP. We expect SSP insure J to be a resounding success in Europe and look forward to a long-term collaboration.”

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For more information about Software Solutions Partners, please call Rachel Bannister on 01422 330022 or email rbannister {at} ssp-uk(.)com.

Editors Notes:

Software Solutions Partners

Software Solutions Partners is the leading solutions provider to the UK general insurance market. SSP uniquely specialises in all aspects of the insurance business chain, providing solutions to brokers, underwriting agencies and insurance companies of all sizes. It is the only supplier in the UK that is able to provide solutions across such a wide scope of industry business requirements, which in addition to administration and trading systems also includes insurance distribution solutions for both insurers and brokers. SSP has a large customer base with systems installed across the UK and Europe. Over 360 people support customers from headquarters in Halifax and offices in the Midlands, the South of England, Northern Ireland, the Republic of Ireland and Denmark.

Koukia

Koukia Pty Ltd is an insurance industry software specialist dedicated to the development and support of state of the art computer applications based on current technology. The company draws upon the experience gained over many years of successful insurance software development and implementation internationally. Koukia is based in Melbourne where it employs over 50 people and operates a development and support centre and provides customer consulting, implementation and training services. Koukia is a subsidiary of Wesfarmers Limited, one of Australia’s leading and most respected public companies with revenues of A$8.9b and 30,000 employees.