In order to modernize legacy applications, Sequel has significantly invested in innovation , supplying new products to the insurance market. The innovation transforms the way the business sees the use of software using Sequel Impact—a product that provides underwriters, actuaries and other risk management stakeholders the ability to quickly and easily quantify and visualize risk exposure for any class of business. It provides a better understanding of risk and exposure. “More informed, easier-to-access exposure information and analytical capabilities have provided customers with the ability to deliver more informed pricing, whilst reducing underwriting risk and making the most effective use of underwriting capital,” says Garcia.
The company also offers an exclusive product Sequel Claims, which combines highly intuitive user, interface with advanced workflow capability. This meets the requirements of insurers to have claim processing operations that are customer-focused, cost effective and flexible. In addition, the company also provides a state-of-the-art solution known as Eclipse Underwriting. It is a proven system that can provide both effective preventative and detection control over Underwriting. Eclipse supports Direct and Inwards Reinsurance capture, as well as Delegated Authority models.
At Sequel we are very fortunate to work in both Insurance and technology that affect everyone’s lives
Sequel has created an innovation forum for all of its customers. This provides customers the opportunity to discuss and influence the roadmap in line with market initiatives. An example of this is the shift towards electronic trading. Through the innovation group the customers are able to stay in touch with latest developments and help drive the Sequel solutions to continue to be at the cutting edge of market solutions. “We have created an unrivalled team of business experts and leading technology experts to create solutions that are intuitive, allow users to gain meaningful business insight, and enhance the user experience,” affirms Garcia.
“At Sequel we are very fortunate to work in both Insurance and technology that affect everyone’s lives,” says Garcia. This provides a fantastic opportunity to transform a whole industry that has become burdened with legacy systems and data issues. “At Sequel we are passionate about being the driving force behind this change and constantly strive to be at the forefront of latest technology thinking. The core to our success is the ability to deliver the technology available today against the business needs of our customers,” concludes Garcia.