Charles Taylor InsureTech Looks to Oracle to Deliver its Core Insurance Platform in the Cloud for the First Time

SAN FRANCISCO, Oct. 3, 2017  /PRNewswire/ -- Oracle OpenWorld -- Charles Taylor InsureTech (InsureTech), the technology business of Charles Taylor plc a leading provider of professional services to the global insurance industry and a Platinum level member of Oracle PartnerNetwork, has today announced its core insurance platform, powered by INSIS is available in the cloud for the first time. The company has chosen Oracle Cloud to run the service, which will allow insurers to roll-out new propositions more quickly and better serve customers without having to make costly and disruptive investments to build out their own IT architecture.

INSIS, developed by Fadata, is an award-winning policy administration platform for Life, General and Health Insurance businesses that provides full coverage of all aspects of insurance business.

The launch of InsureTech's insurance platform in the cloud reflects the insurance industry's current digital revolution as firms seek to deliver an increasingly personalised, digital service to customers. By leveraging Oracle's PaaS, Charles Taylor InsureTech has developed an insurance solution that combines its significant industry expertise and understanding of what insurance companies need with the proven scalability, stability, and security of Oracle Cloud.

Jason Sahota, CEO of Charles Taylor InsureTech said: "The insurance industry has often relied on a wait-and-see approach to adopting new technologies, but we're now seeing a tech revolution as external factors force insurers' hands to explore and invest in innovation.

"Customer expectations for a more personalised, digital experience can now be met using the proven security, scalability and operational benefits of the cloud. With access to the platform through the Oracle Cloud, insurers will be able to meet changing customer needs while having the peace of mind that they are investing in technology which is secure, industrialised and compliant." 

John Abel, Vice President of Technology and Cloud, Oracle UK, Ireland and Israel at Oracle said: "INSIS is one of the insurance industry's leading policy administration software solutions. InsureTech's core insurance platform offering can now help users enjoy the myriad benefits of cloud-based working, from flexibility and scalability to the guarantee that they are working with the most up-to-date version of the product."

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About Charles Taylor InsureTech
Charles Taylor InsureTech is Charles Taylor's independent insurance technology business.  It draws together the Group's specialist and bespoke technology solutions, systems development and implementation solutions into a single client-focused business and brings together the Group's technology expertise, experience and knowledge of global insurance markets.

In 2015, Charles Taylor and The Riverside Company, a global private equity firm, acquired a majority interest in Fadata AD, a specialist provider of software solutions to the global insurance industry.

Charles Taylor plc is a leading provider of professional services to clients across the global insurance market. The Group has been providing services since 1884 and today employs 2,000 staff in 76 offices spread across 29 countries in the UK, the Americas, Asia Pacific, Europe, the Middle East and Africa.

The Group offers services, principally on a fee-based model and operates through three businesses – Management, Adjusting and Insurance Support Services.  Charles Taylor also owns insurers, creating value through select acquisitions and operational efficiency.

Visit https://www.ctinsuretech.com/

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