Sirius International Aviation Insurance Goes Live With FlexSure™

LONDON, November 7, 2013 /PRNewswire/ --

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.  

About Sirius International

Sirius International is a Sweden based international reinsurer that focus on property and other short-tail lines of business. Its emphasis on conservative underwriting and balance sheet strength extends to all our underwriting capabilities. Sirus International offers property coverage's, that includes most classes of non-life reinsurance as well as selected primary coverages such as international health and travel insurance, contingency and aviation. http://www.siriusgroup.com/

About Mantacore

Mantacore provides an end-to-end enterprise solution for the Insurance sector and has developed and deployed solutions for the Property & Casualty insurance market since 1993. The company is based in Sweden, Denmark, Norway and the UK. Mantacore is focused on developing, marketing and implementing FlexSure, our modern standard Policy & Claim Management System.

FlexSure is a policy administration system (PAS) with focus on agility, cost efficiency and modularity. FlexSure enables business experts to design and publish insurance products in many different distribution channels with advanced underwriting and pricing functionality. FlexSure is a fully featured PAS that handles all core insurance processes including claims handling and is based on the latest Microsoft Technology. http://www.mantacore.com

Contact:

Andy Wright
COUNTRY MANAGER, UK
Mobile: +44(0)7789-164164
andy.wright@mantacore.co.uk