Newly founded New Zealand-based Ando Insurance has started operating SSP's Pure Insurance solution after an eight-month implementation phase.
Ando Insurance provides multi-lines insurance, challenging the traditional insurance company model with a new, simplified business approach.
Attaining the agility and flexibility to rapidly launch innovative propositions into the market, which are tailored to meet the individual needs of their customers.
Providing a highly configurable core insurance software solution that is designed to combine speedy implementation with real flexibility and ease of use.
SSP was selected by Ando Insurance to provide its Pure Insurance solution in New Zealand late last year.
Ando Insurance provides multi-lines insurance, challenging the traditional insurance company model with a new, simplified business approach, based on customer-centric technology, smart processes and an experienced team. Created by former Lumley CEO John Lyon and a group of partners, and in conjunction with Hollard Insurance of Australia, Ando has achieved significant business growth since launching into the market in 2016.
John’s view is that the New Zealand insurance market will change rapidly over the next few years as the value chain realigns with reinsurers, insurers and brokers all exploring new business models. A raft of changes including demographics, technology, data, regulation, and consumer behaviours means real challenge and opportunity for the insurance sector.
Ando Insurance is then well placed to take full advantage of these market opportunities through its nimble, flexible and customer focused business model. It uniquely enables them to become an evermore disruptive force in the New Zealand market challenging the traditional insurance value chain and existing distribution channels way of doing things. Ando feels that SSP Pure Insurance then underpins their business model providing the agility and flexibility to rapidly launch innovative propositions into the market, tailored to meet the individual needs of our customers.
Paul Miller, SSP general manager, Asia Pacific, said Ando’s dedication and commitment in working together with SSP to achieve a full commercial lines policy administration implementation in less than twelve months was commendable.
“In such a short timeframe, Ando has seen tremendous business growth and it is great that the SSP Pure solution is able to underpin and support their nimble and flexible business model”.
Mike Gardner, Ando’s CIO said that in order to build on success to date and to take advantage of the new market opportunities “we have an aggressive delivery schedule planned for the remainder of this year and next. This will see us bring a range of new products to market delivered via innovative distribution solutions, to enable us to extend and expand the range of services we provide to our partners, intermediaries and customers”.
This article is an extract from SSP eye issue 9
About the Author
SSP is a global provider of technology systems and solutions across the entire insurance industry, using our expertise to enable our customers to transform their business and increase their profitability. SSP provides core technology solutions, distribution and trading capability, advanced analytics and solution delivery. We work with 8 of the top 10 UK insurers, 4 of the top 10 global insurers and over 40% of UK Brokers. Our unique position in the market, including the largest market share of UK e-trading, enables us to provide leading data insight and unrivalled distribution. Our knowledge, talent and technology capabilities deliver innovative results that make us the partner of choice for our customers.Follow on Twitter More content by SSP Worldwide