Tech firm buoyed by £20m investment
Xchanging has relaunched its software business after pumping more than £20m into the company.
The technology service provider, which caters to 30% of the London broking market, has renamed its insurance software arm ‘Xuber’.
The relaunch comes at a time of significant change in the insurance software market, with many legacy systems becoming out of date, and the take-off of electronic communication globally.
Xchanging chief executive Ken Lever (pictured) said: “We firmly believe we have the best commercial insurance software offering in the market, drawing on more than 30 years of experience serving insurance markets across the globe.
“It is now time for our market share to reflect this reality, hence Xuber. Put simply, we want to be the number one global insurance software provider.”
He continued: “Xuber boasts staff presence and support capability in every continent. A 24/7 support service is in place worldwide, and ‘follow the sun’ support allows clients to move into new or acquired business lines and geographies with ease.”
Xuber’s new products include Xuber for Insurers and Xuber for Reinsurers.
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