Denmark-based Sirius International Aviation Insurance (SIAI) goes live with FlexSure™ providing a solid platform for future growth with Solvency II compliance
SIAI is a branch of Sirius International, Stockholm which itself is a part of the White Mountain Insurance Group.
SIAI will be using FlexSure with full policy life-cycle support for aviation insurance offerings which, for example, include aircraft, gliders and balloons. Given FlexSure’s extensive support for product design, underwriting and rating, SIAI has been able to move its complex rating algorithms and rules from manual Excel spreadsheets to a modern Windows- based insurance platform.
"We were looking for a core insurance system that could allow us to launch insurance products within specific global niches and at the same time comply with our internal reporting for risk exposure, financials and Solvency II – FlexSure has all those elements, and I am very pleased that we have gone live on the system," says Staffan Wide – CIO, Sirius International.
I have never in my long career within IT and insurance seen such complex underwriting and rating rules that SIAI operated with and I am extremely proud that we have been able to implement the products with this complexity in FlexSure using our Product Factory module. With this in production in FlexSure, I cannot think of any general insurance product that FlexSure cannot handle," states Finn Oskarsson, CEO of Mantacore.