Ultima for
Motor Insurance
Arguably one of the most competitive sectors of the insurance market, motor insurance has faced a decline in Gross Written Premium in recent years largely due to new entrants launching low-priced policies to market in their drive to win market share. In response, established players are forced to drop rates in order to retain market share and win customer loyalty.
Some insurers are taking significant leaps forward in piloting new and innovative products focused on delivering to the consumer value for money and a policy that is based upon their personal motoring habits. One example of this would be 'Pay as you Drive' insurance; a concept that has proven to be very successful in the US and which looks set to take the UK market into unfamiliar territory and will undoubtedly test the flexibility of encumbent motor insurance systems across the industry.
It is therefore not surprising that many of today's forward-thinking insurers are seeking Web-enabled technology for their motor insurance systems that will interface with external systems at all points along the supply chain and that are flexible enough to adopt new developments in the market, for example, text renewals. Total Systems has successfully migrated millions of policies from competitor systems to Ultima, resulting in only clean, accurate data being transferred onto the new modern solution.
Ultima supports all lines of motor business including private car, fleet, commercial vehicles, motorcycles, caravans and numerous others. Having successfully delivered Ultima to one of the UK’s leading motor insurers, we are confident that our solution is the best on the market today.
To find out why a major motor insurer selected Ultima to support their 12 lines of motor business,
please click here
