DXC Technology, a global technology services and insurance software provider, announced that Beat Capital Partners, a long-duration investor specializing in the insurance industry, will implement DXC Assure Commercial and Specialty, its cloud-based insurance platform, for Beat’s syndicated policy administration.
Beat, which invests in world-class specialty underwriting franchises, will move to DXC’s digital insurance platform and will use all features of DXC Assure Commercial and Specialty.
This cloud-based solution combines customer engagement, self-service capabilities with analytics and a high degree of no-code configurability.
The platform will enable Beat’s underwriting franchises to consume digital-first services delivered under Lloyd’s Blueprint Two, an initiative to transform the London insurance market from a largely paper-based, analog set of processes, to a marketplace that is digital, efficient and data-first.
The software-as-a-service contract allows for early-adopter access to DXC’s complete insurance roadmap and customer community.
“After completing an extensive formal industry-wide search, we selected DXC Assure Commercial and Specialty as the preferred platform for policy administration written through Lloyd’s Syndicate 4242,” said Brett Hockly, head of IT for Beat Capital Partners. “We expect that the cloud-based platform will meet our core requirements, especially consortiums, which is a significant part of our business. The DXC team has strong heritage in the Lloyd’s market and gave us strong confidence in its ability to help us to evolve to a more data-driven business model.”
DXC offers market-ready solutions for carriers and brokers in the global specialty market. It recently announced Blueprint Two transitional services allowing digital enablement for those using legacy or existing systems via a new SaaS offering, DXC Assure Market Link. DXC also is building the digital platform and providing IT services supporting the London market transformation.
For more information, seewww.beatcapital.com.
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