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Charles Taylor InsureTech appointed to implement core operating platform for top Latin American insurer

Charles Taylor InsureTech appointed to implement core operating platform for top Latin American insurer

Charles Taylor InsureTech (InsureTech) has been awarded a significant five country contract to implement INSIS as the core operating platform of a major transformation program for Seguros SURA, a top four life, general and health insurer in Latin America.

Over the last few years Seguros SURA has been undertaking a modernisation and transformation programme to allow the business to integrate across the region and give new channels to its customers for an enhanced experience.

After a comprehensive selection programme, InsureTech was selected as the exclusive partner to implement, the award-winning Policy Administration System, INSIS that has been recognised globally as a top quadrant leader by independent research analysts Gartner and Celent.

The Group owns a significant stake in Fadata the original authors of INSIS and InsureTech has exclusive licencing and implementation rights to INSIS across Latin America.

The core platform will be rolled out by the InsureTech team who have extensive insurance domain knowledge as well as global experience in digital transformation projects across the five countries in the region, with the option to extend to a further four.  The implementation and ongoing platform support will be delivered by InsureTech out of its Centre of Excellence in Mexico City.

InsureTech has commenced the implementation of the platform in Panama and Uruguay the first two of the five countries.

Jason Sahota, Chief Executive Officer, Charles Taylor InsureTech, said:

“We are delighted Seguros SURA has selected us to partner with them in their ongoing modernisation and transformation programme. We have a clear long-term commitment and investment in Latin America, and this contract underlines the traction we are receiving in the market as clients look for true partnerships and collaboration in an ever-changing world.

“This major contract is further testament to the expertise of our people, the quality of our platforms, implementation skills and global network.  It also fits with our outcome driven strategy to deliver technology solutions that enable our insurance clients to deliver better products and services to their customers. We are very excited about the project and to working with the Seguros SURA team on this very important journey.”

Luis Ramos, CIO at Seguros SURA Corporate, said:

“We were looking for a strategic technology partner to work closely with us in our ongoing plans to modernise the group. InsureTech has made a clear long-term commitment to building its business in Latin America and has the global reach to support our growth ambitions.  Its solutions and capabilities are also highly rated by independent analysts.  We are looking forward to working with the team at InsureTech”