’We are in an exceptional position to propel our company forwards,’ says chief executive
Insurance administration platform provider Genasys Technologies has announced it will be expanding with the creation of two new business units.
The London-based software firm said earlier this week (28 March 2023) that both units will be based in South Africa as it looks to reflect “its trajectory as a global insurtech company”.
One of the new units is a new product and innovation campus in Cape Town – this is where co-founder Craig Olivier will lead the new Genasys software solutions division.
A statement said this would focus on ongoing product development and technology innovation.
Meanwhile, a new professional services division has been created at Genasys’ existing office in Johannesburg, where delivery and operations will be led by Eugene Wessels.
Speaking about the creation of the two units, Olivier said: “As we take on more clients, across more territories, in a highly competitive market, there’s never been a more crucial time for us to invest in our product development and focus on staying ahead of the market.
“Our approach is simple. We want to make insurance policies accessible to everyone and we are here to enable our partners to innovate and evolve their technology.”
Prior to the expansion, both André Symes and Olivier were joint co-chief executives.
Symes has now taken up the role of group chief executive, while Olivier now works as the company’s chief technology officer.
While Olivier will be based in South Africa, Symes will continue to head up Genasys and lead its commercial growth strategy from London.
He said the company was “serious about investing” in its product development and people following the creation of the two new units.
“Through the creation of these two new business units, we are in an exceptional position to propel our company forwards with real focus on our core strengths – our excellent cloud-based insurance software and our brilliant customer servicing,” Symes added.
“This is an exciting moment in our Genasys story as these developments reflect our trajectory as a global insurtech company and our continued commitment to using technology to positively change the consumer view of insurance.”