DXC's digital platform transforms how
specialty insurance is sold, transacted and serviced
LONDON, May 22, 2023 /PRNewswire/ -- DXC Technology
(NYSE: DXC), a leading Fortune 500 global technology services and
insurance software provider, announced that Beat Capital Partners
("Beat"), a long duration investor specializing in the insurance
industry, will implement DXC Assure Commercial and Specialty, DXC's
cloud-based insurance platform, for Beat's syndicated policy
administration.
Beat, which invests in world-class specialty underwriting
franchises, will move to DXC's digital insurance platform and will
use all features of DXC Assure Commercial and Specialty. This
cloud-based solution combines customer engagement, self-service
capabilities, with analytics and a high degree of no-code
configurability.
The platform will enable Beat's underwriting franchises to
consume new digital-first services delivered under Lloyd's
Blueprint Two, an initiative to transform the London insurance market from a largely
paper-based, analog set of processes, to a marketplace that is
digital, efficient and data-first.
The software-as-a-service contract was signed in late March and
allows for early-adopter access to DXC's complete insurance roadmap
and customer community.
"After completing an extensive formal industry-wide search, we
selected DXC Assure Commercial and Specialty as the preferred
platform for policy administration written through Lloyd's
Syndicate 4242," said Brett Hockly,
Head of IT, Beat Capital Partners Limited. "We expect that the
cloud-based platform will meet our core requirements, especially
consortiums, which is a significant part of our business. The DXC
team has strong heritage in the Lloyd's market and gave us strong
confidence in its ability to help us to evolve to a more
data-driven business model."
"We are thrilled to welcome Beat as an early adopter of DXC
Assure, helping it to modernize and keep pace with market
dynamics," said Ray August, Global
Lead, Insurance Software & BPS, DXC Technology. "Beat is
working closely with our team to pave the way for others as
significant strides are being made to transform how specialty
insurance is sold, transacted and serviced."
DXC, the number one provider of core insurance technology
globally, offers market-ready solutions for carriers and brokers in
the global specialty market. It recently announced Blueprint Two
transitional services allowing digital enablement for those using
legacy or existing systems via a new SaaS offering, DXC Assure
Market Link. DXC is also building the digital platform and
providing IT services supporting the London market transformation.
DXC Assure Commercial and Specialty enables the availability of
the new services delivered under Blueprint Two, including CDR,
MRCv3, EBOT, ECOT Writeback, as well as Ruschlikon, B2B, global
IPOS/ICOS standards and interoperability with placing
platforms.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their
mission-critical systems and operations while modernizing IT,
optimizing data architectures, and ensuring security and
scalability across public, private and hybrid clouds. The world's
largest companies and public sector organizations trust DXC to
deploy services to drive new levels of performance,
competitiveness, and customer experience across their IT estates.
Learn more about how we deliver excellence for our customers and
colleagues at DXC.com.
About Beat Capital
Beat Capital Partners is a long duration venture capital
investor exclusively focused on the insurance industry, offering
the right individuals and teams start-up funding, infrastructure,
risk capital, and highly rated paper, alongside experienced
guidance and support. Beat has launched ten businesses since
its founding in 2017, which will collectively write gross premiums
estimated in excess of US$650 million
in 2023 and operates Lloyd's Syndicates 4242 and 1416. Beat is
backed by experienced insurance investors Bain Capital Credit,
Elliott Management and Amwins, as well as its management team, and
is committed to being the best possible partner for proven
insurance talent. For more information, see
www.beatcapital.com.
Photo -
https://mma.prnewswire.com/media/2081458/DXC_Technology_Company_Beat_Capital_Partners_Chooses_DXC_Assure.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/beat-capital-partners-chooses-dxc-assure-insurance-platform-for-new-era-of-digital-insurance-301830896.html