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Our services
IT & Technology Technology is now widely recognised by the insurance market as one of the key tools through which insurers and insurance distributors can evolve and adapt their businesses. Insurance businesses are investing increasing amounts of their time, resource and capital to secure a competitive edge through the use of technology – embracing new IT delivery models and spending large sums of money on cloud-based services and computer analytics projects – a trend that has not gone unnoticed by insurance regulators around the world. Our technology-related work for the insurance industry is a real area of strength within Clyde & Co, with our dedicated technology team working almost exclusively for insurers MGAs and brokers (rather than suppliers) on technology-related projects. Our dedicated team knows how difficult technology projects can be – particularly ones that are complex, large or pushing at the boundaries of what is possible. Our approach is to accept that there will always be a level of risk with these types of projects and, with this in mind, take a pragmatic and practical approach to finding solutions that work for our insurance clients, fast – and always in terms that our clients can understand.
Recent experience includes: - Advising a major insurance business on the purchase of a number of business- critical IT solutions on a cloud and software-as-a-service basis, for both its personal and commercial lines business. - Advising a leading independent, international insurance/reinsurance Lloyd’s broker on the licensing, configuration and deployment of its new broker platform. - Advising a major insurer on its first global project to develop and use artificial- intelligence software to carry out back- office administration on a fully automated basis. - Advising an international insurer on the implementation of its new claims management system. - Advising a well-known insurance business on the implementation of its new policy administration system. - Advising insurers on a range of Insurtech projects, including the roll-out of an innovative global ‘pay-as-you-roam’ travel insurance product via a dedicated app.
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