Insurer set to target SME market witn new products
ABC Insurance has selected Acturis as its IT platform for transacting commercial package insurance.
ABC, part of the LV= Group, plans to launch three new package products targeting the SME market in early 2008.
The products cover Property Owners, Shops and Offices.
Phil Bunker, Head of ABC Insurance, said: "Following a thorough evaluation of the market, we selected Acturis as our preferred trading and administration platform for SME package business. Acturis is a high quality, leading edge underwriting and e-commerce platform with a reputation for innovation and excellence. With the development of the ASP system well advanced, we are on track for a February launch and are already planning further SME products for the latter part of 2008."
Theo Duchen, Co-CEO of Acturis, added: "It is a real privilege to have been selected as ABC’s partner. With no legacy systems and a clear focus on supporting the broker market, ABC has tremendous potential for growth. We look forward to helping support ABC in the future and developing a leading edge solution in partnership."