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Assisting the Insurance Sector in achieving Digital Transformation

Is your organisation feeling the pressure of regulatory requirements and the evolving landscape of the Lloyds insurance market, driving the need for immediate action?

With Blueprint 2 mandating CDR and MRC adoption and insurers increasingly focusing on expense ratio and cost optimisations, embracing digital transformation has become imperative to stay competitive.

For Specialty market syndicates, Specialty brokers, and technology suppliers to the London Market, our seasoned professionals are ready to assist.

At Future Processing, we serve as your trusted technology consultancy and delivery partner, experienced in Specialty, Marine and other lines of insurance. Our team of engineers and consultants excels in swiftly identifying your unique business challenges, culminating in the delivery of high-quality of digital solutions.

Drawing from around 25 years of industry experience and profound comprehension of the London Market, we prioritise seamless collaboration and strategic alignment throughout our advisory and delivery process. We take full ownership for crafting bespoke solutions tailored to your unique challenges, ensuring optimal outcomes for your business.

Lloyd’s of London transformation
with Bob James

In a recent instalment of our IT Insights: InsurTalk series, hosted by Ewa Banaś, we had the privilege of an insightful conversation with Bob James, Chief Operations Officer at Lloyd’s of London.

During our discussion, we delved into the strategic vision driving digital transformation at Lloyd’s of London, exploring the organisation’s concerted efforts towards sustainability, resilience, inclusivity, and innovation. These pillars form the foundation upon which Lloyds is shaping a bold and pioneering future for the Insurance industry.

Auxiliary Systems Enhancement

Make your applications more efficient, competitive, and scalable by leveraging our Auxiliary Systems Enhancement services. Reduce costs and improve productivity with Cloud and AI/ML, while ensuring high levels of security and regulatory compliance. Data migration and harmonisation will guarantee data consistency.

Future Processing’s seasoned specialists, equipped with an intricate understanding of the London Market, are dedicated to enhancing critical aspects of your operations. From policy processing and claims handling to underwriting, financial transactions, risk management, reporting, and customer operations, we ensure your systems are ready for the digital future.

Our clients have reported remarkable efficiency gains, with up to 83% reduction in time spent on newly automated tasks. Moreover, they benefit from enhanced decision-making capabilities derived from dependable data insights alongside optimised daily processes facilitated by seamless integration and solution enhancements.

Data Harmonisation

Through our extensive experience with Specialty insurance, we have developed our Data Harmonisation Framework, a robust solution designed to facilitate data standardisation in accordance with your stringent data governance policies.

Our Framework ensures seamless data reconciliation by implementing and maintaining rigorous quality assurance standards throughout the project lifecycle – both during the requirements engineering processes and value delivery cycles.

As your trusted partner, we are committed to aligning with your business objectives, prioritising strategic agility, and delivering stakeholder-oriented design. We also excel in Data Lakehouse implementations to integrate large amounts of data, enabling rapid processing of vast datasets in real time.

With a track record of successful Data Harmonisation implementations, our team has accelerated Go-To-Market GTM initiatives, facilitating early revenue collection, and significantly boosted revenue in one client example from 1M GBP to 5M GBP while maintaining a strong divisional Combined Ratio below 90%.

Elevate your core operations with our expertise and solutions tailored to your unique needs.

Tool

RFP for Digital Transformation for Insurance

RFP for Digital Transformation for Insurance

Download tool
Artur Niemczewski
Interview

InsurTalk: Robots are coming – how to save the underwriter from extinction?

With With Artur Niemczewski,,
NED at CII

InsurTalk: Robots are coming – how to save the underwriter from extinction?

With With Artur Niemczewski,,
NED at CII
Watch the interview
Article

Lloyd’s of London – transforming the insurance landscape with Blueprint Two

Lloyd’s of London – transforming the insurance landscape with Blueprint Two

Read the article
Steamship Mutual
Case study

Steamship Mutual

Steamship Mutual

Migrating a core legacy system that ensured uninterrupted core business operations
Read the case study
Case study

Thomas Miller

Thomas Miller

Working on an application used by 13,000 self-employed barristers in England and Wales
Read the case study
Data Standarisation
Article

The right thing to do: the past, the present and the future of data standards in t...

The right thing to do: the past, the present and the future of data standards in the insurance industry

Read the article
North Standard
Case study

NorthStandard

NorthStandard

Core management system development and a go-live with 0 critical defects
Read the case study
Tool

RFP for Data Solutions for Insurance

RFP for Data Solutions for Insurance

Download tool

Meet us in person

Follow us on LinkedIn where we share unique perspectives, innovative use cases and inspirations. Together, we can achieve more.

ITI
21/05/2024

Organisers of InsurTalk: Navigating Data Standards at the London Market, The Parlour at Trinity Bell Creechurch Lane, London, EC3A 5AY

Let's meet:

Ewa Banaś

Ewa Banaś

Marketing Manager - Insurance

Piotr Piękoś

Piotr Piękoś

Head of Insurance Practice

dglawdzin

Dawid Gławdzin

Director of Partnership Development

mikegilpin

Mike Gilpin

Consultant

cburns

Chris Burns

Head of Sales (UK)

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25/06/2024

Exhibitors at TINtech 2024, London

Let's meet:

dglawdzin

Dawid Gławdzin

Director of Partnership Development

kurbańczyk

Karol Urbańczyk

Insurance Solutions Architect

mzamarski

Mike Zamarski

Digital Transformation Consultant

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05/11/2024

Attendee at Insurance Innovators Summit, London

Let's meet:

mikegilpin

Mike Gilpin

Consultant

See more information

Let’s talk

Transform your business with Auxiliary Systems Enhancement and Data Harmonisation. We look forward to hearing from you, and getting to know your business.

Ewa Banaś

Ewa Banaś

Marketing Manager - Insurance

Piotr Piękoś

Piotr Piękoś

Head of Insurance Practice