Acasta Europe Ltd
Based in Cheadle, England, Acasta Europe Ltd (AEL) provides administrative services to Acasta European Insurance Company Ltd (AEICL), an insurer founded in 2006. AEICL is active in many European countries across various insurance classes.
Acasta Europe Limited is authorised and regulated by the Financial Conduct Authority and covered by the Financial Ombudsman Service.
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.
Acasta 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 confident that the system would meet their expectations.
Elements for Acasta provides online access to introducers and 3rd 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.