NTT DATA UK&I, a leading IT services provider and consultancy for the insurance industry, has announced a new partnership with iPipeline, a renowned provider of comprehensive digital solutions for life insurance, pensions, savings, and investments in the UK.
The collaboration aims to bolster iPipeline’s capabilities with additional expertise and resources, enhancing scalability across its UK and European operations and facilitating more efficient business processes for advisers.
iPipeline offers end-to-end core policy administration platforms to prominent insurance, pensions, and savings companies in the UK and beyond, including Aviva, Zurich, Royal London Ireland, and OneFamily.
With headquarters in the US and offices in the UK and Canada, iPipeline is focused on expanding its global reach. The partnership with NTT DATA UK&I will support its strategic expansion into new European markets.
As the insurance, pensions, and savings industry faces significant changes in consumer engagement, purchasing behaviours, demographics, and retirement provisions across the UK and Europe, firms must become more agile and accelerate innovation.
Trusted partners like NTT DATA UK&I are essential in helping these firms digitise and improve efficiency and effectiveness.
The partnership aims to develop modern and advanced technology solutions that enable advisers to place business more efficiently and effectively.
Ian Teague, Managing Director UK at iPipeline, said, “There are differences between UK and European life & protection insurance markets in how products are accessed and distributed, but there are common factors, too. One such factor is provider technology as technology is often a drag to innovation and optimised provider efficiency and margins.
“We’re here to change that. Our SSG Digital platform is already the engine behind many of the strongest and most respected insurers in the UK market and this partnership will power our ambitions into Europe, accelerating our trajectory and development capability. The result for all markets is positive. Our technology empowers providers to innovate, and enables advisers, along with their clients, to access and manage their insurance online. In markets which haven’t always been recognised as tech leaders, we provide the foundation for real change.”
Dave Brooks, Head of Insurance at NTT DATA UK&I, added, “This partnership highlights NTT DATA’s continued growth into the insurance market, as we support yet another leading player in the industry with its transformation journey. At NTT DATA, we are committed to forming longstanding relationships with our clients and partners, building bespoke and innovative solutions to match their specific needs. We look forward to supporting iPipeline, both now and well into the future, with its goals for growth on a global scale.”
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
