Software Solutions Partners (SSP) has entered into a 10-year agreement to market Koukia's insurance software in Europe.
Koukia's software products include Polisy and Insure/90. The company is a subsidiary of listed Australian firm Wesfarmers.
SSP intends to market Koukia's products as SSP insure J in Europe, incorporating customer management, policy administration (including underwriting and rating), claims management, financial account management, reinsurance and product development.
David Rasche, executive chairman at SSP commented: “The acquisition of the European distribution rights to market the Koukia system will broaden our insurer product offering at a time when insurers are increasingly looking to improve their efficiency by replacing existing insurance components or complete systems. Insurers do not want to replace a legacy with a legacy - SSP insure J encompasses the latest IBM service-oriented architecture and J2EE technology platform, and delivers high levels of specialist functionality, process flexibility and modern ease of connectivity. By using new technology we expect lower running costs than existing systems in the marketplace, and insurers can open their systems up to partners and consumers to allow self-service and process transparency.”
Campbell Johnston, managing director of Koukia, said: “We are delighted to be involved in a partnership with such a progressive UK company as SSP. We expect SSP insure J to be a resounding success in Europe and look forward
to a long-term collaboration.”
