Ariel Re has chosen the Xuber for Reinsurers solution suite for its Lloyd’s and Bermuda businesses.
The six year contract will see the roll-out of Xuber Policy, Xuber Claims, Xuber Billing and Xuber Ceding, a single end-to-end solution with the complete functionality to support Ariel Re’s current business and future growth.
According to Xuber, the suite will allow increased automation of business processes and improved efficiency, as well as improved compliance with the exchange of data between different systems.
Through Xuber for Reinsurers, Ariel Re will also gain the ability to launch new products quickly via product templates, easier entry to new markets through configuration packs, and an enhanced view of data and analytics with Xuber’s single data model.
Xuber is working in partnership with Deloitte in delivering the implementation and migration services.
Ariel Re’s technology requirements are spread across multiple platforms due to the merger of Bermuda-based Ariel Re with Lloyd’s Syndicate 1910 (Arrow) in 2012.
According to Xuber, Ariel Re’s existing applications lacked the full functionality needed to support its current and future business operations.
Simon Lyon, chief information officer at Ariel Re, said: “Following a two-month on-site study to map our exact requirements and our analysis of other software providers, we are pleased with our decision to select Xuber and Deloitte to implement Xuber as our new reinsurance software platform.”
“We believe this will provide us with a world-class solution designed for the future through its fully integrated, end-to-end structure that can scale and adapt to our growth strategy across markets.”
