Northdoor has over 25 years experience in the Insurance industry helping customers, who have ranged from start-up businesses to large corporates, experiencing significant business change. Our consultants have an in-depth understanding of insurance which allows us to deploy our technology capabilities to great effect.
In addition to our key technology capabilities, we also offer a portfolio of business applications which can be tailored and configured to precisely fit our customer’s needs. These applications support Insurance Broking, Insurance Underwriting, and Insurance e-Business. Further details of these offerings can be found at our NdexInsure site
Northdoor won the ‘Best use of IT in Insurance’ category of ‘European IT Excellence Award’. To support Ark Syndicate Management’s start-up in insurance, we set up NdexInsure in 11 weeks allowing Ark to gain FCA approval.
We certainly have a formidable history in the insurance sector and we are continuing to lead the market. Our applications are built in contemporary technologies to industry best practices and can be deployed either on premise or as a cloud based SaaS solution.
Our consultants have a unique combination of technical competency and business understanding across broking and underwriting in the London Insurance Market, General insurance and Life markets.
We are also playing a pivotal role in the world of artificial intelligence with a key focus on cognitive analytics within the London insurance market. Whilst this is revolutionary stuff it’s critical that every business is ready to fall in line with the eminent changes in the EU’s general data protection regulations. Our experts will provide world-class consultancy into how you can ensure you’re GDPR compliant.
We also help the city’s financial market to industrialise their actuarial applications. Our work improves actuarial efficiency, control, visibility and overall performance.
Automated connections in the extended supply chain make it difficult for underwriters to price and monitor the risk for cyber security insurance policies. Particularly for SMB customers, underwriters need to be able to assess and price risk faster, more accurately and at lower cost. They then need the ability to monitor that risk as it changes over time
By investing in a solution that constantly measures the security maturity level of policyholders, encompassing also the multi-dimensional risk across their supply chains, insurers can significantly improve their assessment of aggregate portfolio risk. In addition to helping underwriters provide rapid, accurate and consistent pricing quotations – particularly valuable in securing SMB business – detailed ongoing risk assessments allow insurers to build closer relationships with policyholders rather than only being in contact at renewal time.
For more information, read our full offerings paper here
Our reputation in the financial market is perhaps best illustrated by our ACORD ‘Global Reinsurance and Large Commercial Round Trip of Data Accomplishment’ award. This was awarded for the e-endorsement functionality in NdexInsure which allows data to be exchanged in a structured format using standard messaging from industry standards body ACORD.
"Northdoor were awarded a European IT Excellence Award for the work they performed for us - we have been very impressed with the business knowledge of their consultants"Nick Bonnar - Director of Underwriting
“For us, Northdoor had all the answers.”Nick Bonnar - Director of Underwriting
"With Northdoor’s help, this project was outstanding - on budget and ahead of schedule. Who could ask for more?"Tom Corcoran - Managing Director
"Thanks to the systems Northdoor has developed for us, we are able to provide IFAs with easy access to flexible web-based services for the first time in the Group Risk market"Eva Schwander - Chief Operations Officer
"I believe that we have an excellent reputation in the market for successfully executing acquisitions and transitions in a timely and seamless manner. Northdoor continues to be a key factor in this"Paul Donovan - Head of IT
"The application Northdoor built has the flexibility to interrogate data in any combination we can think of. Theoretically, there is no limit to what we can get out of the system"David Shipley - Underwriter of Syndicate 2791
"The Northdoor team demonstrated an exceptional level of commitment and diligence during their engagement and have been a crucial factor in the successful adoption of our new underwriting platform"Les Agambar - Solutions Architect