SOURCE: Capgemini Financial Services
NEW YORK, NY--(Marketwired - October 01, 2013) - Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, today announced its Platform as a Service (PaaS) offering for the Property and Casualty Insurance market. Capgemini's Insurance Connect combines technology and core processing efficiency to deliver end-to-end integration of "best in class" claims, policy administration and billing services for small to mid-sized carriers. This solution provides insurers with implementation, integration, maintenance and hosting on one platform, and is available for a monthly subscription fee. Capgemini's Insurance Connect is currently available in North America for carriers writing Non-Standard Auto insurance and will be expanded to cover Specialty Commercial lines of business in North America and the U.K. within the next year.
"We've seen an increased demand and interest in PaaS offerings from insurance enterprises. Capgemini's Insurance Connect provides a compelling proposition for the small to mid-sized carrier by providing them with access to best-in-class, pre-configured core systems via a subscription-based model," said John Mullen, Vice President, Capgemini North America Insurance.
Capgemini's Insurance Connect is a preconfigured set of optimized services, leveraging Guidewire InsuranceSuite™, tailored for specific market segments and supported in a hosted, private-cloud environment. The advantages of this solution include: access to best in class technologies, lower cost of entry, increased speed to market, predictability in total cost of operations, and a flexible subscription-based model.
The Capgemini Insurance PaaS solution builds on Capgemini and Guidewire's strong global alliance. Capgemini, with 8,000 insurance professionals worldwide, of which more than 1,000 are Guidewire Practitioners, is the first systems integrator to launch a PaaS solution based on Guidewire's core processing platform. In addition, Capgemini has been recognized as an early market mover in the PaaS space.
"Capgemini has been a valued Guidewire PartnerConnect™ alliance member for nine years," said Ken Branson, Director, Product Strategy and Co-founder, Guidewire Software. "We see this new solution as the next step in providing the power and value of Guidewire products to a broader range of insurance customers. We're excited to build on our relationship with Capgemini and to support their work in serving the market with this new offering."
With more than 125,000 people in 44 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2012 global revenues of EUR 10.3 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business Experience™, and draws on Rightshore®, its worldwide delivery model.
Learn more about us at www.capgemini.com.
Rightshore® is a trademark belonging to Capgemini
About Capgemini's Financial Services Global Business Unit
Capgemini's Global Financial Services Business Unit brings deep industry experience, innovative service offerings and next generation global delivery to serve the financial services industry. With a network of 21,000 professionals serving over 900 clients worldwide Capgemini collaborates with leading banks, insurers and capital market companies to deliver business and IT solutions and thought leadership which create tangible value.
More information is available at: www.capgemini.com/financialservices