DXC Technology has announced that Beat Capital Partners, a long duration investor specialising in the insurance industry, will implement DXC Assure Commercial and Specialty – DXC’s cloud-based insurance platform – for Beat’s syndicated policy administration.
According to the announcement, Beat will move to DXC’s digital insurance platform and will use all features of DXC Assure Commercial and Specialty.
At the same time, the platform will enable Beat’s underwriting franchises to consume new digital-first services delivered under Lloyd’s Blueprint Two, an initiative to transform the London insurance market from a largely paper-based, analog set of processes, to a marketplace that is digital, efficient and data-first.
The software-as-a-service contract was signed in late March and allows for early-adopter access to DXC’s complete insurance roadmap and customer community.
Brett Hockly, Head of IT, Beat Capital Partners Limited, commented: “After completing an extensive formal industry-wide search, we selected DXC Assure Commercial and Specialty as the preferred platform for policy administration written through Lloyd’s Syndicate 4242.
“We expect that the cloud-based platform will meet our core requirements, especially consortiums, which is a significant part of our business. The DXC team has strong heritage in the Lloyd’s market and gave us strong confidence in its ability to help us to evolve to a more data-driven business model.”
Ray August, Global Lead, Insurance Software & BPS, DXC Technology, said: “We are thrilled to welcome Beat as an early adopter of DXC Assure, helping it to modernize and keep pace with market dynamics. Beat is working closely with our team to pave the way for others as significant strides are being made to transform how specialty insurance is sold, transacted and serviced.”
