NTT DATA UK&I, an IT services provider and consultant for the insurance industry, has announced a new partnership with iPipeline, a provider of digital solutions for the life insurance, pensions, savings, and investments markets in the UK.
This partnership will enable NTT DATA to offer additional expertise and resources, enhancing iPipeline’s operations across the UK and Europe and improving technology to help advisers work more efficiently.
iPipeline delivers complete policy administration platforms to major insurance, pensions, and savings businesses such as Aviva, Zurich, Royal London Ireland, and OneFamily.
With headquarters in the US and offices in the UK and Canada, iPipeline aims to expand into new European markets through this strategic alliance with NTT DATA.
Ian Teague, Managing Director UK at iPipeline, commented: “There are differences between UK and European life & protection insurance markets in how products are accessed and distributed, but there are common factors, too. One such factor is provider technology as technology is often a drag to innovation and optimised provider efficiency and margins.”
“We’re here to change that. Our SSG Digital platform is already the engine behind many of the strongest and most respected insurers in the UK market and this partnership will power our ambitions into Europe, accelerating our trajectory and development capability. The result for all markets is positive.”
“Our technology empowers providers to innovate, and enables advisers, along with their clients, to access and manage their insurance online. In markets which haven’t always been recognised as tech leaders, we provide the foundation for real change,” continued Teague.
As the insurance, pensions, and savings industry in the UK and Europe faces significant shifts in consumer engagement, purchasing behaviours, demographics, and retirement planning, companies must become more agile and innovate faster. They seek trusted partners to assist in digitising and enhancing their efficiency and effectiveness.
The collaboration between iPipeline and NTT DATA, with a proven history of successful project delivery, provides a strong solution to support the transformation projects of insurance, pensions, and savings companies.
Dave Brooks, Head of Insurance at NTT DATA, added: “This partnership highlights NTT DATA’s continued growth into the insurance market, as we support yet another leading player in the industry with its transformation journey.”
“At NTT DATA, we are committed to forming longstanding relationships with our clients and partners, building bespoke and innovative solutions to match their specific needs. We look forward to supporting iPipeline, both now and well into the future, with its goals for growth on a global scale.”
