Northdoor launches cloud-based insurance solution for Asian market

25 February 2013

Northdoor, the IT consultancy for the insurance sector, has today announced the launch of its new NdexInsure Cloud, an ‘all-in-one’ cloud-based insurance technology solution aimed at insurance start-ups and new operations in the Asian market.

The key element of the solution is the comprehensive, functionally rich insurance application offered by the award-winning NdexInsure technology, which contains a wide range of modules from policy administration and claims management to sanctions screening and more. The new version makes this available in the cloud along with office productivity software and essential back office infrastructure, such as Exchange network and file storage and backup.

This gives firms the ability to start functioning fully on day one across multiple devices at very low capital costs. All that is needed is a PC, laptop, smartphone or tablet, network access and an internet connection.

Crucially, the solution has been designed with growth in mind; it is easily extendable and gives full control to the client. NdexInsure Cloud therefore lets firms grow their business according to their specific road map. This is particularly relevant to the Asian market, where insurance M&A deals rose by 24% in 2012 according to Dealogic research.

The integrated solution includes the following built-in functions:
• NdexInsure underwriting systems
• Remote desktop
• Microsoft Office and Exchange Server
• Backup and data recovery

Rob Stavrou, Commercial Director of Integrated Solutions at Northdoor, said:
“We see the growth of the Asian insurance market as one of the key industry trends for 2013, with the Asia Pacific (APAC) region now fully established as a global powerhouse. Singapore in particular is blazing a trail as the world’s newest and fastest-growing insurance hub with international insurers choosing the city state as a base for new regional operations, and numerous local start-ups now setting up shop there. To satisfy this growing demand, we are now offering our NdexInsure solution via the cloud, a solution tailored for insurance firms looking to establish a new presence or grow their existing footprint in Asia.”

Stavrou continued:
“Technology that offers speed, flexibility and scalability is a priority for firms looking to start and grow operations in the APAC region. It is with this in mind that we have designed our NdexInsure Cloud solution. The highly modular nature of NdexInsure also means that the system can be delivered to precisely match individual business needs. With over 20 years of experience in the London Market - the world's most well established insurance market – we are offering this solution as a means to share our experience with new markets and foster new partnerships. In doing so, we hope to contribute to the growth of the Asian insurance market.”

For more details on Northdoor's NdexInsure Cloud visit www.ndexinsure.com

About Northdoor

Northdoor plc is a leading provider of full lifecycle IT solutions for the insurance industry. The company was established in 1989 to improve the electronic transaction of insurance risks. For more than 20 years, Northdoor has delivered solutions that help insurance companies to improve their business performance and processes through technology. Northdoor has a collaborative and high-touch customer care approach in delivering tailored solutions that help clients to achieve their business objectives. The company works with over 200 businesses in more than 20 countries.