UK-based (re)insurer MS Amlin has selected Socotra and Mendix for its new digital Small and Medium Enterprise (SME) insurance initiative.
MS Amlin is a subsidiary of MS&AD insurance group with operations in Lloyd’s, Europe, and Bermuda.
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The company’s new SME insurance platform is said to underline the commitment to small and medium-sized enterprises in Europe and draws on a digital-first distribution approach.
It will be initially launched in the Netherlands, UK, Belgium and France with product offerings that include commercial liability, fleet, property and commercial package products.
MS Amlin expects to launch the first end-to-end digital product offerings in the first half of next year.
The digital proposition is directed at improving all areas of the insurance value chain, including claims and finance, noted the company.
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By GlobalDataMS Amlin Insurance Digital Trading head Katie Wolff said: “MS Amlin believes that Digital innovation is crucial in order to increase efficiency and improve the way we are able to interact with our clients and brokers.
“We are working very hard to truly enhance the overall experience of working with MS Amlin. Both Socotra and Mendix understand how important our customers’ experience is to us, and we believe their platforms and approaches are best able to support our Digital ambition.”
Socotra CEO Dan Woods said: “I’m proud to say Socotra is the only core system with open APIs and a powerful enough data model to empower MS Amlin to offer its traditional and non-traditional products under accelerated timelines, collaborating remotely during Covid-19 lockdown.”
Mendix chief technology evangelist Nick Ford said: “Using low-code provides MS Amlin with a collaborative, flexible approach to capitalise on its internal expertise and create an initiative that truly supports its business with increased agility, whilst offering an improved customer experience.”
