Torus chooses Northdoor NDEX Insurance Solution to support entry into the Lloyd’s Market
07 August 2012
Northdoor, the IT consultancy and solutions provider specialising in the insurance sector, has today announced that Torus, the global specialty insurer, has chosen its NDEX Insurance Solution to assist with the Group’s London Market and Lloyd’s operations.
Northdoor NDEX is a Microsoft ISV certified solution developed under the .NET framework. It is a modern, functionally rich system that can accommodate the varied yet specific business requirements across Lloyd's, Companies, non-Bureau as well as international insurance markets.
With the solution Torus will benefit from an open, modular system which can be integrated into the company’s existing infrastructure and technologies, including a claims system and Microsoft SharePoint. Key modules selected for the initial roll-out include policy administration, business intelligence and data warehouse and sanctions checker. In addition to the system implementation, Northdoor will also perform data migration for Torus’ Lloyd’s business.
Jon-Paul Andrews, Chief Information Officer, Torus International, said:
“Following Torus’ recent acquisition of Syndicate 1301, we needed a comprehensive and flexible IT solution to work alongside our existing systems. The modular nature of Northdoor’s NDEX Insurance Solution allowed us to select functions specific to our business requirements. Moreover, with Northdoor’s Shared Intellectual Property (IP) model, we’ll have full control of the system going forward.”
He added, “In Northdoor we’ve found a strategic IT partner who understands our business as a global insurance company. Their experience in the Lloyd’s Market and willingness to find a developed solution to integrate our new Lloyd’s operations with our international network were key reasons for choosing them.”
Rob Stavrou, Commercial Director for Integrated Solutions at Northdoor, said:
“Our NDEX Insurance Solution is unique in the marketplace in that we provide full control and flexibility to the client. At Northdoor, we are committed in delivering solutions that not only address the client’s needs today but also support their future growth. We are delighted to be working with Torus and look forward to building on this relationship for many years to come.”