NIIT Technologies’ new generation insurance software goes live at Sompo Canopius
Scalable and flexible platform allows new entities and lines of business to be added easily and seamlessly
London (UK) and New Delhi (India), February 26, 2016: NIIT Technologies Limited, a leading global IT solutions provider, today announced the successful implementation of its next generation policy and claims administration platform, Navigator at Sompo Japan Canopius Reinsurance AG (SC Re), Sompo Canopius’ reinsurance subsidiary.
Navigator offers product management capabilities that allow new products to be configured swiftly without the need for significant IT involvement. Its workflow feature allows insurers to streamline or automate complex business rules. It supports the full lifecycle processing of a policy from submission, quote and underwriting to policy administration, message processing, claims handling and reinsurance, whilst also offering seamless capabilities to consolidate multiple underwriting platforms onto a single platform.
“Our confidence in NIIT Technologies' proven service capabilities and delivery is a result of its successful demonstration and deployment of various projects over the last few years. The use of the Navigator underwriting and claims system will be valuable in the efficient management of our reinsurance business” said Mark Daly, Chief Information Officer at Sompo Canopius.
Atul Sharma, Head of NIIT Insurance Technologies Ltd said, “Navigator is a tool that helps companies with their speed to market, streamline their business processes and help improve overall efficiencies".
About Sompo Canopius
Sompo Canopius is the global specialty lines platform of Sompo Japan Nipponkoa Holdings Inc., which has total assets of c.$85 billion. Sompo Canopius is wholly owned by the principal subsidiary of the above, Sompo Japan Nipponkoa Insurance Inc., an A+ rated company and one of the top three Japanese P&C insurers.
Sompo Canopius underwrites a diversified portfolio of specialty lines business from its operations at Lloyd's and around the world. It has achieved significant growth over the last twelve years through a mix of organic expansion and acquisition and is one of the top 10 insurers in the Lloyd's insurance market, writing premiums in excess of £1 billion.
About NIIT Technologies
NIIT Technologies is a leading global IT solutions organization, servicing customers in Americas, Europe, Middle East, Asia and Australia. It offers services in Application Development and Maintenance, Infrastructure Management, IP Asset or Platform Solutions, Business Process Management, and Digital Services to organizations in the Financial Services, Travel & Transportation, Manufacturing/Distribution, and Government sectors. The Company adheres to major global benchmarks and standards, having secured the ISO 9001:2000 certifications and the ISO: 27001 Information Security Management accreditation. NIIT Technologies also follows global standards of development. It has been assessed at Level 5 of SEI CMMi version 1.2. NIIT Technologies Business Process Management conforms to the highest quality standards such as COPC. Its data centre operations are assessed at the international ISO 20000 IT management standards. For further information, please visit www.niit-tech.com
Certain statements in this release are forward-looking statements. The business involves various risks, and uncertainties that could result in the actual results to differ materially from those indicated here. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
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