Insurance software companies Web Connectivity Ltd and Imaginera are partnering to provide Imaginera customers with messaging capability, including London market bureau connectivity.

WCL has a number of clients on the island.

“The integration with Imaginera will be as equally important for the Bermuda market as for London,” WCL managing director James Willison said.

“Electronic accounting is prevalent on the island with a number of reinsurers. Integration will allow technical accounting information from brokers to be compared in real time to reinsurer’s policy systems.”

WCL and Imaginera have successfully worked together with mutual clients for several years.

“WCL has a proven track record of integrating with multiple core systems, both in the London and Bermuda markets, providing efficiency benefits to carriers looking to use single-core systems across multiple underwriting platforms,” Mr Willison said.

Imaginera’s Orca underwriting platform provides carriers with full life cycle support of a risk, including an underwriter workbench as well as policy and claims administration solutions.

Through integration with WCL’s enabled business to business messaging suite, carriers will be able to further enhance efficiency gains through a modern, integrated, digital product suite.

The underwriter workbench will connect to multiple placing platforms; the policy administration system will enable connection to the London market bureau; and Imaginera’s claims administration system will offer the capability to process claims data, either sent directly from brokers or via the London market bureau systems.

With external data connectivity via WCL’s enabled business to business gateway and related products, including enabled accounting, Imaginera’s customers will be able to exchange data with their broker partners once, automatically, in real-time, and then use that data across multiple internal products, eliminating data duplication and re-keying.