NewswireToday - /newswire/ -
London, United Kingdom, 2013/09/19 - Sequel, the insurance and reinsurance software specialists, have just announced their new risk exposure product’s immediate availability - Sequel.com.
The new product provides graphically displayed exposure and analysis management for carriers and brokers.
Sequel Impact gives the underwriter’s front office, for the first time, in one product and in real time, an accurate graphically displayed exposure and analysis management tool. Cloud based, it is available on devices ranging from desktops to tablets. Little training is needed and the product can be up and running in a matter of days.
“The arrival of this secure, intuitive and innovative product dramatically improves decision making in insurance,” says Michael Graham of Sequel. “It’s going to change insurance from monochrome to HD colour; it’s map based, it’s visual and it brings together the key elements that were never available before in one place to inform the user speedily and accurately.
“Until today, what used to be an expensive and time consuming operation fraught with multiple points of failure is now plain sailing. Sequel Impact gives a genuinely user friendly, affordable and accurate measure of accumulated exposure instantaneously. It’s an expert tool designed to complement the experienced professional’s feel for the market. The product is particularly relevant to property and casualty insurers needing immediate visibility of exposure to terrorism, earthquakes, windstorms and floods but it is going to be highly useful to all firms wanting to put their exposure on one system - for example: aviation, marine and livestock. In fact, any firm offering insurance needs this kind of functionality,” he continues.
“And it’s simple and fast to get up and running. There are no class of business or geographic restrictions with Sequel Impact and any peril can be entered. It uses the insurer’s own data and is completely open it will integrate easily with whatever system the customer is using,” Graham concludes.
The September 2013 go live date for Sequel Impact was announced in June 2013.
Founded in 1993 and headquartered in the City of London, Sequel Business Solutions Ltd (sequel.com) are award-winning insurance and reinsurance software specialists. Sequel’s customers are underwriters and brokers within the Lloyd’s, Companies and international insurance/reinsurance sector. Sequel are known for their industry expertise, professionalism, and track record for delivering successful transformation programmes on time and on budget.
Sequel deliver a powerful suite of software solutions Eclipse - for insurers, reinsurers, brokers, MGAs, coverholders and start ups operating across the Lloyd’s, companies and international (re)insurance markets. Eclipse is a strategic suite of business applications built with 100% Microsoft technology that share a common business and technical architecture all of our products have been designed with open architecture to enable easy access to information and simple connectivity with other systems. This enables customers to have a comprehensive, holistic view of their business. Sequel’s products have been designed and developed by our insurance experts, in partnership with underwriters, brokers and MGAs. By combining process efficiencies with innovative analysis and reporting capabilities, Sequel’s products give customers control over their business information so they can make decisions quickly and with confidence, as well as taking market and regulatory changes in their stride.
About Sequel Impact
Sequel’s risk exposure and aggregation product Sequel Impact is a graphically rich application making full use of the latest visualisation technologies to present data in a variety of useful formats to support carriers and brokers in their key business decision making. Sequel Impact is underpinned by a powerful analytical engine that quickly calculates maximum loss scenarios. The application can be applied locally or internationally for a full range of risk exposure situations, ranging from GPS coordinates up to larger geographical zones such as postcodes or marine oil fields. It handles events from floods, for example, through to explosions across multiple classes of business. Sequel Impact complements Sequel’s existing suite of Eclipse Underwriting and Eclipse Broking products.