Xuber, the insurance software business of Xchanging plc, makes its official debut into the U.S. market with new commercial insurance software solutions that allows insurance professionals to better navigate a complex and competitive global market and release their businesses from traditional IT-related constraints.
"Insurance company executives are looking for new ways to analyze data better, bring new products to market more quickly and control IT costs," says Mike Kulp, head of Xuber, U.S. "Multiple legacy systems create workflow inefficiencies, added costs and lost market opportunities. The industry is long overdue for a software solution that can manage complexity even as it simplifies the user experience."
Xuber offers a single platform solution capable of taming multiple legacy systems and enabling business growth. Xuber has built a brand new system from the ground up to develop best-in-class components that can stand alone as well as integrate seamlessly for a better user experience. With Xuber software, insurance executives benefit from:
- A consistent platform and single data model which allows shared data, reduced duplication/errors, and greater workflow efficiency; improved analytics give real-time insights into business performance.
- Easy configurability enables them to manage the complexity of multiple markets, channels, compliance, and security standards better. Pre-configured templates, configurability and flexibility, and software that crosses borders enables them to accommodate change rapidly and go to market more quickly.
- Intuitive interface puts the power in the hands of the users, allowing them to adapt the software to their usage patterns and needs.
Built on the Microsoft® .NET platform, Xuber core process solutions include Xuber for Insurers, Xuber for Reinsurers, Xuber for Brokers and Xuber for MGAs. The company offers a reliable migration methodology and accredited training through its own resources and certified partners, as well as SaaS and BPaaS.
Xuber is part of Xchanging, the business process, procurement, and technology service provider and integrator, which includes Lloyd's of London among its customers. The company invested more than $31 million in developing a next generation insurance software solution and re-launched the business unit under the name of 'Xuber' in London in October 2012. Today's re-launch underscores the business's commitment to the U.S. market, where Xuber currently serves more than 20 customers.
Although the Xuber name is new, the business has a solid pedigree and expertise in the commercial property & casualty insurance market, proven over more than 30 years. Xuber has successfully completed 160 implementations in 40 countries for clients including Allianz, Liberty Mutual, Lockton, Marsh UK and XL Group plc.
"We have a seasoned team in place with an average of nine years of product experience and 12 years of industry experience," said Kulp. "We are ready to bring this expertise to bear to help customers experience the most comprehensive way to minimize risk and drive business growth."
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