First.
Insurecom provides the leadership role for the UK's general insurance software industry. Our commitment is to provide the very best business environment for intermediaries. Our vision is to provide a service to intermediaries, certainly not just software, where our clients can imagine how they want their business to be, and we work with them to make this a swift reality.
We engender a culture of innovation, performance, and achievement that pervades every aspect of our company. Innovation and productivity are rewarded. All this results in a large number of €˜firsts' for our industry, many of which are of benefit to our clients, and some that we'd just like to share.
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The Financial Services Authority isn't going anywhere. That was a decision we made long before writing the first of the millions of lines of code that make up agencyPlus. It was a simple decision to make, but it's the actions our Broker Solutions team made next that makes Insurecom and agencyPlus unique. They called in a range of FSA experts, hired experienced brokers as full-time employees, and discussed, addressed, and fully resolved all the FSA issues that affect intermediaries. AgencyPlus was then built-from-the-ground-up with the rules of compliance built into its core, something that no other application can claim.
We've automated the regulation issues so that you don't have to provide expensive administration to maintain a basic fundamental of the industry compliance.
Automated Multiple Brokerage and Multiple Branch Management
Automated Multiple Bank Account Management
Automated Multiple Account Client Money Control
Automated Client Money Distribution for Lead to Sub Accounts
Automated Comprehensive Fee and Commission Management
Automated Real-Time Nominal Ledger Updates
Automated Comprehensive Client Money Management and Reporting
Simple, Automated 1-click RMAR Reporting
And the list goes on and on. Insurecom believe that brokers should have the ability to be far more sales-centric, and strip
away the overhead on administration requirements that don't add value or clients. Accounting, compliance, even the fact that agencyPlus is a real-time auto-updating application all means a reduction in administration staffing levels.
away the overhead on administration requirements that don't add value or clients. Accounting, compliance, even the fact that agencyPlus is a real-time auto-updating application all means a reduction in administration staffing levels.
Insurecom has completed its transition to become a 'climate neutral' company. Insurecom is the first technology company in the UK Insurance Industry to take this responsible step forward.
To play its part in tackling climate change, Insurecom engaged specialist consultants to calculate its carbon emissions, and teamed up with Climate Care to offset the greenhouse gas emissions caused directly and indirectly by its business operations.
Insurecom chief executive Phillip Walter said: "Climate change cannot be ignored; we are taking responsibility for the indirect impact our business activities may have on the environment by offsetting our carbon emissions with Climate Care."
The company's direct and indirect carbon emissions were calculated by taking into account the unavoidable emissions created by normal operational activities, electricity consumption, the carbon cost of utilised technology hardware manufacture, and the type and frequency of business travel for all staff. To neutralise the CO2 emissions from the company's activities, Insurecom has made offset contributions to a number of sustainable energy and forest restoration projects around the world.
Insurecom's carbon projects include restoring sustained rainforests in Uganda, providing villages in Honduras with efficient stoves in order to reduce the wood needed for cooking, and providing equipment and education to ensure renewable power for schools in India.
These projects not only fight climate change, but have wider benefits to the local communities and environment too.
"This is an issue we all need to think about at every level. Staff are encouraged to think environmentally, and in fact this initiative was started by the team here. Thinking environmentally can complement existing business strategy."
Staff have greeted the decision with enthusiasm and are keen to contribute to the environmental commitment of the company. Many members of staff now car-pool to reach the office, with some members of staff leaving the car at home altogether in favour of cycling to work. To encourage an active lifestyle and environmental awareness, the company sponsors staff to cycle the annual 'London to Brighton Bike Ride' every year, and has seen a great turn-out by staff members.
Climate Care was selected to provide the carbon emission offsets due to the range of projects it invests into in order to ensure climate neutrality. It achieves this by 'offsetting' the greenhouse gas emissions, such as CO2, from business activities by reducing an equivalent amount of CO2 on the company's behalf.
About Climate Care
Climate Care is a service that helps companies to repair the damage its activities have on the climate. It does this by offsetting the greenhouse gas emissions, such as C02 on the company's behalf. These reductions are made through a range of projects in renewable energy and energy efficiency, which not only fight climate change but bring benefits to communities round the world. Companies can offset emissions from flying, driving and household energy use. www.climatecare.org
The UK general insurance software industry provides various ebusiness solutions. Expensive solutions. Expensive for one reason in most cases the core systems that the front-end websites are connecting to are old enough that they were in use long before the prevalence of the internet. The problem of connecting website front-ends to an intermediary system back-end is often so complex and expensive, that legacy software houses are having to outsource to other software companies that specialise in the task.
That's where a smart-client, .Net workstation application and a SQL database comes into play. It's all built around networks. It communicates as naturally as breathing across TCP/IP networks (that's the protocol that runs through your office Ethernet network, and across your WiFi network, and across the internet). This is where our multimillion pound investment into new systems and infrastructure pays off.
As a result, connecting a full transacting commercial B2B or B2C direct trading insurance website to agencyPlus is easier than simple we already built the connectors in, right out of the box. That's the reason that we've priced our eEnable Transaction Edition product with a setup fee of under £10k; and no, we don't want any of your ongoing GWP that's yours.
Insurecom's role is to make your business ideas possible. Maybe it's not a transaction or a B2B/B2C site you want, we can place a scheme online just for other brokers or your agents or introducers to access, that writes everything straight to your systems and processes the accounts while you sleep. Easy.
So if it's balloons, construction, fleets, or any other commercial or personal scheme or product that you can dream up, we can place it on the web. Welcome to Insurecom.
Clear Client Expectations. Matching Excellence in Results Delivery. No Unwanted Surprises.
Fixed-price services are used extensively by Insurecom across all facets of our business. It is important to us that the entire process of upgrading to Insurecom is a simple and professional experience.
Insurecom have invested heavily into reverse engineering the data structures and interfacing codes of every major broker management software application that is currently in use across the United Kingdom. We have created an application, InsureDataWizard, which is able to transmute your current records into far more flexible agencyPlus SQL format. By using this unique application, the historical issues relating to new application data transfer are completely removed. We know exactly how long it will take to transfer the data from any application, and presetting a price becomes simple.
This concept of Insurecom's investment and development to ensure guaranteed levels of service and task overhead requirements remains a theme in our business. Our 28 Day Implementation process from Contract to Go-Live, which includes comprehensive training and careful individual consultancy, is built upon a range of inexpensive fixed-price services.
There are a lot of issues facing intermediaries. From the regulation and administrative overhead costs incurred from maintaining compliance, to the cost of entry to the online product transaction world, as well as the additional costs from imarket and interactive commercial business facilities.
Many of the legacy systems prevalent in the market have been around for over 20 years, and, year after year, they have been built upon. It's a lot like a cottage, where over the years there's been a loft conversion, and an extra extension on the side, a conservatory attached on the back, and perhaps a garage has been added too. It may not be modern or functional, but it has held together. Now, with the arrival of eBusiness, FSA regulation, and imarket, software houses are struggling to integrate yet more features to a tired architecture. For most software houses, and certainly the Legacy-3, imarket ability is in fact a completely separate application, often with its own name a bit like attaching a granny flat out in the back garden. Meanwhile there has been a vacant block next door, with plenty of good architects and master builders, all ready to build a solid construction that is truly fit for the purpose of growing your business.
agencyPlus is the only application that has been designed in a post-regulation, post e-business intermediary environment. Designed in Britain, and built from scratch, for the brokers of 2007 and beyond.
With Insurecom, you can be rest assured that our Mergers & Acquisitions Department has the experience. Over the years, many large brokers have approached us excited at the prospect of acquiring a new business, but uncertain of how much of the valuable acquisition data could be accurately brought across into Insurecom software.
The Insurecom M & A Department will appoint a Senior Project Manager to oversee any merger or acquisition exercise, concentrating on those awkward areas where only an established team can assist. Areas of expertise include:
Negotiation and drawing up of Discretion and Non-Disclosure Agreements prior to deals becoming public knowledge
Insurer Agency change arrangements
Timing Management, ensuring agencies and accounts transfers coincide with intended dates
DTO where merging systems differ
Insurer Agency change arrangements
Timing Management, ensuring agencies and accounts transfers coincide with intended dates
DTO where merging systems differ
Post merge M & A Department support to ease the transition and get users of the combined systems working efficiently
Smart-client applications are vastly superior for two simple reasons.
Flexibility and Performance.
Flexibility and Performance.
The flexibility of smart client is tied into the way the application is constructed. It is an application that has been developed in two separate parts. The first part is the application that sits on the workstation (written in .Net, the world's most advanced programming language) and it's this application that contains the bulk of the programming work. The other application is for the database, which sits on a server (written in Microsoft SQL 2005, the world's latest, most advanced and feature-rich database programming language, and probably the world's easiest to maintain). The two applications work together, but also independently.
The architecture of smart-client allows a basic workstation to operate as fast as any normal computer-installed application (like Word, or Excel). There's no waiting, and no lag.
