Ultima for General Insurance

General Insurance is arguably one of the most competitive sectors in the insurance market. Now more than ever General Insurers must take the opportunity to examine their cost base. Recent increases in fraud at both sales and claims stage, potentially recession related, in addition to unnecessary inefficiencies developed during more financially rich times are all squeezing premium revenue.

Motor insurance in particular 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.

It is clear that in an ever more challenging market insurers need to look at increasing efficiency and reducing costs in conjunction with looking at new and innovative ways of increasing their share of the customer's wallet. Today's forward-thinking insurers are seeking Web-enabled technology for their 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 have solutions specifically designed to help insurers achieve all of these goals and more. Total Systems have also taken 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 requirements. One example of this is '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 incumbent motor insurance systems across the industry.

Ultima supports all lines of General Insurance business from one core platform including, motor, property, travel, pet, caravan, motorcycle, fleet, commercial vehicles and numerous others. Having successfully delivered Ultima to some of the UK's leading insurers, we are confident that our solution is the best on the market today.