Sirius Turns to Insurity/Oceanwide to Enable Direct Business Speed-to-Market

The global insurer selected Insurity SIMS Claims, Oceanwide Bridge PAS and Billing, all delivered through the cloud.

(Photo credit: Mellostorm.)

Sirius Group (Hamilton, Bermuda) has selected Insurity’s (Hartford) SIMS Claims as well as the Bridge Policy Administration and Bridge Billing offerings from Insurity subsidiary Oceanwide, all of which will be delivered through the cloud, according to an Insurity statement.

Sirius’s investment in the Insurity/Oceanwide systems aims at the company’s strategic goal of establishing the ability to deliver direct insurance products to the market with speed and effectiveness, according to Insurity. The insurer turned to Insurity to help with the challenge of implementing a technology platform able to administer multiple lines of business with unique attributes, including surety and environmental business. The solution also needed the flexibility to support Sirius’ desire to expand into other lines of business without disruption or delay.

Among the factors that affected Sirius’s decision to invest in the Insurity/Oceanwide solutions were the ability to deliver solutions via a cloud deployment; the proven and flexible offerings of the SIMS Claims and Bridge product; and Insurity’s history and expertise in delivering specialty products.

“Our number one goal with this project was to position ourselves to be able to deliver primary insurance products seamlessly for our customers and effectively by our staff,” comments Daniel J. Wilson, President and CEO of Sirius America Insurance Company, one of Sirius’s operating subsidiaries. “Insurity’s SIMS Claims and the Oceanwide Bridge offerings provide us with the ideal combination of solutions to achieve this.”

Lani Cathey, SVP, Insurity.

Strong Arsenal of Solutions

“The recognition of the value in our strong arsenal of solution offerings available across the Insurity companies is very gratifying,” comments Lani Cathey. “Our experience in specialty lines, including the surety line of business, is certainly one of our core strengths which consistently proves to be a differentiator for us. We look forward to working side-by-side with the Sirius team as they grow their business.”

Sirius Group is a wholly owned subsidiary of CMIG International.  Sirius Group’s principal operating companies are Sirius Bermuda Insurance Company, Sirius International Insurance Corporation and Sirius America Insurance Company.  Sirius Group maintains underwriting offices in Bermuda, Hamburg, Liege, London, Miami, New York, Singapore, Stockholm, Toronto and Zurich.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For over a decade he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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