Newly founded New Zealand-based Ando Insurance has started operating SSP Pure Insurance solution after an eight-month implementation phase.
SSP, a leading global provider of insurance technology solutions, was selected by Ando Insurance to provide its Pure Insurance solution in New Zealand late last year.
Ando Insurance provides multi-lines insurance, challenging the traditional insurance company model with a new, simplified business approach, based on customer-centric technology, smart processes and an experienced team.
Created by former Lumley CEO John Lyon and a group of partners, and in conjunction with Hollard Insurance of Australia, Ando has achieved great business growth since launching into the market in 2016.
Paul Miller, SSP general manager, Asia Pacific, said Ando’s dedication and commitment in working together with SSP to achieve a full commercial lines policy administration implementation in less than twelve months was commendable.
“In such a short timeframe, Ando has revealed a disruptive force in the New Zealand market and it is great that the SSP Pure Solution is able to underpin and support their innovative business model,” Mr Miller said.
Ando Insurance COO, Dean Edwards, said that as an agile and focused business, without any legacy baggage, Ando was uniquely placed to take advantage of emerging trends in the industry, such as disruption to the traditional insurance value chain, and new distribution channels.
“SSP Pure Insurance equips us with the agility and flexibility to rapidly launch innovative propositions into the market, which are tailored to meet the individual needs of our customers. As a strategic partner, SSP has played an integral part in developing Ando’s innovative model further,” Mr Edwards said.
SSP Pure Insurance is an easily implemented, flexible, end-to-end core insurance system solution, providing all the key components needed to manage an insurance operation, including policy administration, product development, claims management, finance, reinsurance and co-insurance as well as inbuilt document management, task management and business analytics.