Insurance Technology Featured Article

London Insurance Service Provider Xchanging Repositions Software Business as 'Xuber'

October 18, 2012

London-based business process, procurement and technology services provider Xchanging is announcing the re-launch of its software business as “Xuber” in an effort to dominate the insurance software market. The name change is begin accompanied by a more than £20 million ($32.5 million) investment in the company that will see the development of a next-generation suite of insurance software products, considerable expansion of the company's marketing and sales capacity and a “new look.” Xchanging says it already services 30 percent of the London broking market.

The Xuber launch will build on Xchanging's existing insurance software business. Xuber's new products include “Xuber for Insurers” and “Xuber for Reinsurers,” both of which will slot into the company’s current product set consisting of Genius (News - Alert), Iris, Elgar and Brokasure.

The changes come during a time when the insurance software market is already rapidly evolving, with many legacy systems no longer meeting insurance companies’ and customers’ needs in an era of electronic communication, and insurance business no longer constrained by geographic borders. Xuber says its offering is uniquely positioned and tailored product to meet this shifting market demand.

“We firmly believe that we have the best commercial insurance software offering in the market, drawing on over 30 years of experience serving insurance markets across the globe,” said Ken Lever, CEO of Xchanging, in a statement. “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.”

According to Lever, Xuber is the only single platform solution with global capability available today, which is why it “sits at the heart of the London insurance market.”

"To deploy our software quickly and efficiently, we've partnered with leading implementation partners who have global capability,” said Adrian Morgan, Head of Xuber. “With our software, insurers and brokers can get the most complex of products to market significantly faster than competitors."




Edited by Brooke Neuman

Article comments powered by Disqus

Related Insurance Technology Articles

Auto Insurance Telematics Poised for Explosive Growth

Smart cars are getting smarter and have become foundational elements of our increasingly connected world. The data they generate pertaining to things like driver habits, the car condition and adherence to maintenance best practices, where the car is driven, where it calls home, etc. are all critical in determining insurance premiums. In fact, they are what will enable insurers the ability to reward customers who are good drivers and good owners while charging higher rates for those who are less … [ Read More ]
10/23/2014

Allscripts and ScriptSave Partner on Prescription Savings Program

While much attention in the insurance world is centered on using technology to improve the customer care of people with insurance, there are also efforts underway in the U.S. to help those without insurance get timely access to affordable medications. These efforts ultimately have the impact of bending the cost curve for medicines for everyone. [ Read More ]
10/23/2014

Leveraging M2M and IoT Services can Help Conventional Insurers Face Competition, says SAP Study

SAP SE stated that a recent study sponsored by it, revealed that long-standing insurance providers need to leverage and experiment with machine-to-machine and the Internet of Things and also invest more in customer-related technologies in order to gain a competitive advantage over non-insurance companies. [ Read More ]
10/21/2014

Vlocity Introduces Two New Cloud Apps Built on Salesforce1 Platform

Vlocity designs and creates industry-specific applications on the Salesforce1 platform to provide organizations with functional cloud in mobile software solutions that embed industry best practices and business processes. These applications take away all the hard work of integrating the latest technology and the processes an organization needs in one single app that can be deployed across different devices. With Vlocity, organizations are able to improve customer experience interactions across t… [ Read More ]
10/21/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!