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SSP Technology Extends Expansion and Service Capabilities for Island Heritage
| Source: SSP
DENVER, CO--(Marketwire - January 6, 2010) - SSP,
a leading global provider of solutions to property/casualty insurance
companies, today announced Island
Heritage, a property insurance company specializing in specialty lines
and based in Grand Cayman, has recently upgraded to the latest version of
SSP's insurance solution (S4i). The
company, which insures private homes, offices and condominiums in the
Caribbean, has invested further in S4i to support an agency base spread
across 16 Caribbean islands and plans for further expansion.
SSP's S4i is a highly-flexible, end-to-end policy administration system
delivering underwriting, policy administration, claims management, customer
management and full accounting functionality for all lines of business. A
fully-scalable, web-enabled solution, S4i provides a modern
platform for property/casualty carriers to manage the entire business
lifecycle from a single system. With rich functionality, at a fraction of
the cost of legacy software systems, S4i delivers self-sufficiency and
provides a rapid return on investment.
"This upgrade will allow us to further improve our performance and provides
us with a great platform to develop our service offering to agents via our
web portal," said Hugo Cardona, COO of Island Heritage. "With a
geographically diverse client base and ambitious expansion plans, the
ability to service clients efficiently and launch new products into new
markets quickly and easily is key. SSP has consistently demonstrated an
understanding of our business requirements and has delivered this
significant project on time and on budget."
As part of the project, SSP also developed custom functionality designed to
handle cover notes, client recording, claims recovery, renewal processing
and exchange rates which improves and enhances Island Heritage's complex
policy processes. In addition, SSP configured three new products which will
be launched in Island Heritage's newest territory. The move to the latest
version of S4i provides Island Heritage the ability to access more of the
solution's functionality for agents and enables the company to gain process
and performance improvements.
"Island Heritage has an ambitious strategy and a clear understanding of how
the use of the latest technology can support it," said Andy Lovett, SVP,
Americas at SSP. "In addition to the immediate improvements in business
processes and performance, this investment provides Island Heritage with
the platform to provide a wider range of services to its agents via the
Internet, which is especially important as the company continues to expand.
We look forward to continuing to work with Island Heritage to further
develop their business."
About SSP
SSP is the international expert with the broadest spectrum of knowledge,
talent and technology for insurance and financial services, dedicated to
long-term business advantage through complete solutions. Supporting over
45,000 insurance and financial services professionals in over 50 countries,
SSP offers brokers, MGAs, carriers and financial advisers of all sizes the
benefits and security of a global business with the flexibility of a local
provider. With over 25 years experience in insurance and financial services
and 800+ of the most talented IT professionals, SSP is placed perfectly to
offer the widest choice of solutions across multiple IT platforms from IBM,
Microsoft or Oracle. SSP has a proven track record and a commitment to
delivery, giving customers peace-of-mind. For more information about SSP,
please contact Lloyd Bishop via phone 303-209-5914 or email
Lloyd.bishop@ssp-worldwide.com, or visit the SSP website at
www.ssp-worldwide.com.
About Island Heritage
Island Heritage Insurance Company, Ltd. provides property insurance for
residential and commercial customers. The company insures private homes,
condominiums, and office buildings. It also provides reinsurance programs.
The company was founded in 1996 and is based in Grand Cayman, the Cayman
Islands. Island Heritage Insurance Company, Ltd. is a subsidiary of
Flagstone Reinsurance Holdings Ltd. For more information about Island
Heritage, visit the company website at www.island-heritage.com.