Aspect Software International has launched a new software product which it claims will cut costs and simplify customer processes for insurers.

Touchpoint2 General Insurance is a browser-based application which captures customer information from a variety of sources, including brokers, customers and call centres.

Aspect Software CEO Gerry O'Connor said: "The solution allows insurers to radically overhaul operational costs by as much as 25%, while drastically reducing the time taken to process new business applications."

Aspect Software specialises in customer process management applications for banks and insurers.