Company: Charles Taylor
Description: Technology solutions
Charles Taylor offers a wide range technology solutions, expertise, global reach and focus on insurance. The large company brings these capabilities together to help its clients achieve tangible value and to outperform at a time of rapid evolution in the industry. The Company offers claims and market, financial reporting specialist, broking, underwriting, and commutation services. Charles Taylor Insurance serves customers worldwide.
Whether you’re an insurer, reinsurer, broker or corporate insurance client, their insight, breadth of expertise and technology solutions will drive the results you need.
In 2018, Charles Taylor InsureTech was awarded a five-country contract to implement INSIS, its operating platform, as the core operating platform of a major transformation programme for Seguros SURA, a top life, general and health insurer in Latin America. It was also tapped by the London Market Group (LMG) for an ‘extendable’ three-year partnership, as part of the London Market Target Operating Model (LM TOM) modernisation project. The Charles Taylor subsidiary then snapped up insurance-focused technology consultancy and software provider Inworx in Latin America.
One of the big areas of growth for Charles Taylor InsureTech has been enabling companies to implement quote-and bind-capabilities, particularly for complex commercial lines products, and incorporate them into a solution where you can quote the business and bind the business online.
Earlier this year, Charles Taylor acquired Tide, a cloud-based data streamlining product to automatically standardise and simplify data, so it follows a consistent format and provides better insights.