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Acasta - General Insurance

 

Opportunity

Acasta registered in Gibraltar provides legal expenses, excess and warranty insurance across Europe through individual policies and group schemes.  The success of their business necessitated a review of administration systems so that a solution could be put in place that would allow Acasta to efficiently administer increasing growth, complexity and flexibility of their products and arrangements.

Solution

CTC was selected to provide a new general insurance solution because CTC grasped the business need quickly and showed how Elements could be rapidly adapted for their specific requirements.  Elements was deployed within six months (on time and to budget).  CTC's prototyping approach gave Acasta confidence that the system would meet their expectations.

Outcome

Elements for Acasta provides online access to introducers and third party administrators so business can be submitted directly either as individual policies or through bordereaux.  New business can be accepted automatically and brokers can issue policy documents themselves.  The system produces information required for statutory reporting and a wealth of MI to control and steer the business.

This gives Acasta the confidence to sign up new arrangements across Europe covering a diverse range of risks.

 

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