Subscribe to AfterDawn's weekly newsletter.
Novae Deploy Motor Fleet Business Online With SAFI
WATFORD, England, October 2 /PRNewswire/ -- Doing business online has been the mission of Novae Group Plc
('Novae') since deploying Salmon's Application Framework for Insurance
(SAFI(TM)) for its underwriting business in 2004. Novae have now launched its
Motor Fleet line-of-business on SAFI, extending the web-based platform to get
a range of new products to market quickly and efficiently.
Steve Fookes, IT Director Novae said, "The introduction of Novae's Motor
Fleet Underwriting Service is an opportunity to strengthen our market
position. We needed a completely integrated IT infrastructure that could be
aligned across the business which was cost effective and would support
ongoing growth."
Designed as a series of fully reusable and customisable
components that allow insurance companies to quickly leverage a truly open IT
architecture; SAFI provides Novae greater visibility of the insured, policies
and claims throughout the life cycle; encompassing such activities as
quotations, placement of orders, policy production, financial management,
document generation, management information and regulatory requirements.
Steve Fookes continues; "The web-based system ensures that
paper-based inefficiencies are a thing of the past and helps us provide a
higher level of service to our brokers such as online quote and acceptance
with immediate document production."
"Motor Fleet Underwriting is a complex business, especially
when interfacing with third party systems likes the Motor Insurance Database;
however Salmon's knowledge and experience ensured that we hit our go-live
deadline within 90 days and enabled us to commence trading on schedule. We
are very pleased with the results since launch and the system has fully met
our expectations." said Fookes.
Salmon specialises in developing solutions and IT strategies
for companies operating in different areas of the insurance sector. Customers
include UBS, Munich Re, Swiss Re and WR Berkley. SAFI(TM) combines,
comprehensive business acumen and a wealth of IT project management expertise
from Salmon and strengthens their ability to help other insurers successfully
translate leading edge technologies into viable solutions.
About Novae
The Novae Group delivers insurance and reinsurance underwriting expertise
to international and UK provincial markets.
To serve our diverse markets, Novae operate two trading
platforms. Our Lloyd's business, Novae Syndicates, handles large,
international and specialist risks while Novae Insurance, our FSA-regulated
insurance company, transacts UK and European commercial lines business.
Both share a common vision and commitment to superior
underwriting, combined with first-class service and delivery. We aim to
provide a seamless blend of experience and to exceed the expectations of
brokers and their clients.
Whether doing business in the dynamic Lloyd's market or the
thriving UK SME sector, Novae has built its reputation on its values of
expertise, integrity, performance, quality and sustainability.
About Salmon
Salmon is a highly innovative global systems integrator whose
commitment to on-time, on-budget projects is increasingly embraced by the
leading names in retail, insurance and financial services markets. Since
1989, leading brands have been turning to Salmon for its ability to build,
integrate and support business-led systems that add measurable competitive
value to their day-to-day operations - and to their bottom line. Salmon
quickly understand business needs, creates realistic development schedules,
and efficiently delivers solutions to plan; based around an ethos that
marries a depth and breadth of development skills, with a management process
that removes virtually all risk from successful project roll-outs. Customers
include Argos, Ann Summers, Bristol & West, Halfords, ICI Paints and Swiss
Re.
Salmon is headquartered in Watford, Hertfordshire and has
offices in the US, China and Australia. For more details about Salmon visit
http://www.salmon.com






