Insurance Underwriting Software

Turn challenge into opportunity

The insurance industry faces more challenges than ever before. The growth of the internet, multi-channel distribution, changing customer demands, industry consolidation & regulation have all challenged traditional business models & IT strategies.

The insurer that stands still will get left behind. But all too often ageing & inflexible IT systems constrain innovation, limiting the ability to launch new products quickly & enter new distribution channels.

At SSP, we offer a complete solution for insurers, together with expert advice based on many years’ experience in the industry. We’re helping our clients respond to market changes, keep a competitive edge, & above all, turn challenge into opportunity.

Distribution – the industry issue

Insurance distribution has been shaken up. Direct writing dominates personal lines with commercial lines likely to follow. Online buying threatens the call centre whilst managing general agents & third-party administrators are new forces to be reckoned with.

SSP’s solutions let you do business how you want, whether through intermediaries or direct, via a call centre or online. If the way you do business changes, SSP can help. Products are built once with multiple channels-to-market options & our straight forward e-business solutions allow you to process more business with less resource.

Control - the industry issue

Software providers help, but you don’t necessarily want to have to rely on them for everything. You want to react quickly to market opportunity on your terms & in your timescale, not theirs.

Some insurers choose to outsource non-core aspects of their business, & others prefer to keep some degree of self-sufficiency. Whatever your approach, SSP offer complete flexibility. Our solutions can help reduce the time it takes to introduce new products by up to 50% - from months to weeks whilst our workflow structure can cut claims administration costs by up to 30%.

IT – the industry issue

Technology is the backbone of the insurance industry today, yet more sophisticated technology brings increased burden that needs investment & management. Many companies look to host their IT infrastructure. Whilst they may still like to control product development in-house, they have better things to do than worry about maintaining the server, installing software & backing up data.

With SSP you get to choose the IT platform that best suits your business & we take care of the backoffice solution, quotation systems, imarket, Microsoft Office products, email & anti-virus software, plus we upgrade all the hardware & software as & when necessary.

Decision-making – the industry issue

Whilst efficient back office systems are vital, making quick & accurate business decisions is crucial & to do this you need information. Good quality data enables you to work efficiently & you may already invest a lot in data capture & reporting, but it’s the analysis that really makes a difference.

With the right business intelligence you can spot market trends & see issues before they arise then respond quickly & take steps to deal with them. SSP’s analytical reporting tool allows you to monitor key business performance criteria from Board level to individual teams. It clears the 'fog' allowing you to make minor business tweaks daily or weekly rather than major ones monthly or quarterly.

Change – the industry issue

Insurance is changing fast as ambitious start-ups become established whilst others discover new channels-to-market, global consolidation continues plus there are more rules & regulations. Operational processes need to respond to these changes & flexible solutions enable this.

SSP have been in the insurance business for almost 25 years & our ability to adapt & improve product design within our solutions can reduce the time it takes to process new business by 25%.

Underwriting Solutions

sirius for insurance
A Microsoft based front & backoffice solution for multi-line, multi-national general insurance underwriters.