Groupama Insurances chooses Kewill to enhance electronic trading
18 June 2008
GUILDFORD, UK – Kewill (LSE: KWL) a leading provider of global solutions for the dynamic supply network today announced it is to assist Groupama Insurances simplify electronic trading processes with its business partners. Groupama Insurances is one of the UK's leading general insurance groups and through intermediaries, it offers motor, home and health insurance and also provides insurance protection to a growing number of smaller UK businesses.
Groupama Insurances has signed a long term deal to utilise Kewill InsuranceXchange (KIX) as a fully hosted, managed solution to augment its electronic communication and trading platform. In order to accommodate the variety of systems and communications routes being used by its business partners, KIX will support Groupama Insurances by collecting and delivering data in a format that can be received regardless of what back office systems are being utilised by trading partners.
Ken Hutchinson, e-Business Trading Manager at Groupama, said "The vast majority of Groupama Insurances' personal lines business is traded on a Full Cycle EDI through all software houses and larger intermediaries, receiving the policy data from various Value Added Networks (VANS). This involves regular negotiations with each VAN regarding costs, all of which have different pricing models as well as levels of service, with invoices received from each of them on a monthly, quarterly or annual basis.
KIX will take over the management and negotiations with the VANS enabling us to have one point of contact for any issues and one invoice, helping us to manage our budget better. Not only that but we will make savings too!"
Debbie Baker, Insurance Business Unit Director, Kewill commented:
“Groupama Insurances is a highly respected insurer, especially in the field of electronic trading, and we are delighted that Kewill has been chosen to enhance their leadership position. The insurance industry is facing connectivity challenges this year and by selecting Kewill, Groupama Insurances can face these challenges head-on and open up new routes to market.”
For further information please contact
Nicky Godfrey
Peak Marketing & Communication Services
0845 456 0534
nicky.godfrey@peak-marketing.co.uk
About Groupama Insurances
Groupama Insurances is one of the UK's leading general insurers. The UK group offers motor, home and health insurance and also provides insurance protection to a growing number of smaller UK businesses. The company employs 800 staff in 6 centres and is an accredited 'Investor in People'.
About Kewill
Kewill Systems Plc is a leading provider of global solutions for the dynamic supply network. The dynamic supply network enables enhanced responsiveness to customers through flexible connectivity between partners and systems, providing improved visibility and effective compliance, bridging the gap from a traditional rigid supply chain.
With over 35 years experience in the supply chain space, Kewill is a long-time innovator of software focusing on business integration, order management, transportation management, international trade logistics, service logistics and visibility solutions for global trading communities.
Kewill’s domain expertise in the insurance sector specialises in the collection, transformation and delivery of information electronically between insurers, brokers and their software house partners. Our solutions minimise costs, increase business efficiency and reduce the risks associated with the delivery of accurate information, securely and to deadlines, supports regulatory and industry standards such as ACORD, Polaris and compliance requirements.
Kewill has implemented over 40,000 systems worldwide and our global customer base which entrusts us with the management of their supply network information includes Allianz, ARB, BHS, Glasgow City Council, Groupama Insurances, Group Direct, Hastings Direct, JD Williams, KGM Insurance, MMA, Nintendo, RAC Auto Windscreens, Sabre, Sainsbury’s, Southern Rock and Towergate Insurance.