Insurance software and solutions to support Insurance Broking, Insurance Underwriting, and Insurance e-Business
Northdoor has 30 years of experience in the insurance industry, helping clients of all sizes—from start-ups to large corporates—to manage significant business change. Our consultants have an in-depth understanding of the insurance sector, 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 each client’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 the ‘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.
Northdoor supports Lloyd’s of London’s Blueprint Two initiative to digitise the London insurance market’s operations by 2024.
Northdoor has helped Lloyd’s of London with its data and IT needs since 1987, we were always going to be at the forefront of helping the world’s leading insurance market, Lloyd’s of London, take the next step towards a digital future.
Interested in learning how Northdoor can assist your organisation with the Lloyd’s of London’s Blueprint Two initiative?
Contact us today to discuss your needs and explore potential solutions!
Northdoor plc has partnered with Web Connectivity Ltd. (WCL) to launch its innovative Blueprint Two solution called Alternate.
This solution enables London market carriers to conform to the Blueprint Two back-office message changes immediately, without the need for a complete digital transformation.
Blueprint Two is a critical digital transformation program implemented by the London market to enhance digital services and operational efficiency, transitioning away from traditional methods.
Northdoor has a formidable reputation in the insurance sector, and we continue to lead the market for IT Insurance Solutions. Our applications are built in contemporary technologies in line with industry best practices and can be deployed either on-premises or as cloud-based SaaS solutions.
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 playing a pivotal role in the world of artificial intelligence, with a key focus on cognitive analytics within the London insurance market. We are also experts in data protection: we offer world-class consultancy around GDPR compliance.
We also help the City’s financial market to industrialise their actuarial applications. Our work improves actuarial efficiency, control, visibility and overall performance.
Read our white paper on how to overcome the challenges of pricing and monitoring the risk for cyber security insurance policies.
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.
Adrian Morgan Executive Vice President and Head of AdvantageGo at NIIT Technologies
Nick Bonnar Director of Underwriting
Tom Corcoran Managing Director
Eva Schwander Chief Operations Officer
Compliance Manager Faraday
David Shipley Underwriter of Syndicate 2791
Les Agambar Solutions Architect
A Lloyds of London Insurance Company Head of IT
Paul Donovan Head of IT
You might be interested in reviewing these articles:
28th July 2023, Insurance Edge, Commentary: Blueprint Two Roll-Out& Onboarding
27 June 2023, Best Startup London, WCL and Northdoor partner to launch Alternate to support Blueprint Two adoption
15th May 2023, Insurance Edge, London Market: Northdoor has an alternative
January 2023, Insurance Edge, Predictions 2023 Part One: Insurtech At The Crossroads,
See our full press coverage here
With the recent acceleration of remote and digital working practices in the insurance industry, along with an associated increase in cyber crime activity, managing the risk of cyber threats and reducing the impact of breaches should be a top priority for UK insurance organisations of all sizes, from small businesses to FTSE 100 corporations.
Following on from our 2020 insurance industry report, Northdoor has again partnered with RiskXchange to conduct an in-depth benchmarking exercise to help organisations in the insurance industry understand their own cybersecurity risk. New to the 2021 report is a section covering the cyber risk posture of the Lloyd’s / London market shared services providers.
The resulting report from the RiskXchange software provides a transparent view of the UK insurance industry’s current readiness to defend data and systems from cybersecurity threats.
While the overall picture is reasonably positive – with surveyed companies averaging around 760 points out of a possible 900 – there are a number of fairly serious shortcomings that the industry needs to address. For example, 54% of brokers score a D on email security, 25% of coverholders score a C for encryption, 21% of carriers score an E when it comes to network services security and 19% of shared service providers score a D for application security.
To see how your industry peers are faring when it comes to cybersecurity – and to benchmark your own organisation’s performance against them – please read the attached Northdoor and RiskXchange Cyber Risk Assessment of the UK Insurance Industry. The report includes seven key recommendations for improving your scores and securing your business against cyber risk.
Watch the recorded webinar here:
Watch the recorded webinar here:
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