FANews
FANews
RELATED CATEGORIES

South African tech giant aims to shake up provision of software solutions to the UK insurance industry

03 April 2018André Symes, Genasys
André Symes, Chief Operating Officer at Genasys.

André Symes, Chief Operating Officer at Genasys.

South African tech giant, Genasys Technologies, has opened its first international office in London aiming to shake up the provision of software solutions to the UK insurance industry.

“We’ve built our reputation by delivering every project on time and on budget and that’s the service promise that we’re bringing to the UK insurance industry,” says André Symes, Chief Operating Officer at Genasys. “We are passionate about using technology to drive efficiencies and we want UK insurance businesses to experience the benefit of working with us. Our software takes the admin burden away, allowing our clients to get on with growing their business.”

Genasys provides a comprehensive cloud-based insurance management system that can be tailored to any insurance business from insurers and MGAs to brokers and start-ups across both commercial and personal lines as well as life insurance.

Its open architecture allows easy integration with third parties whilst its web-based based product design and configuration suite enables quick to market product development.

Genasys is the software engine behind recently launched UK insurtech start-up, Equipsme. The build to product launch process took just four months.

Symes comments: “We were shocked to read in the recent Biba InsurTech survey that nearly half of UK brokers don’t believe that software houses have done enough to innovate – rather that they stifle innovation. Perhaps that’s not surprising as we understand that some software houses here can force their clients to wait weeks for a simple upgrade to be made to a product and many, many months to get a new product launched out to the market.”

“That’s not what we’re about. We believe tech providers should be leaders when it comes to pushing the boundaries. We unceasingly invest in the latest and the best software solutions to ensure we remain ahead of the game, and our clients are the first to benefit.”

Established over twenty years ago and now employing over 100 people, Genasys is regarded as the industry tech expert by leading players in the South African insurance industry. With clients including Aon, Guardrisk and Standard Bank, Genasys currently manages gross written premium of over R12 billion.

Quick Polls

QUESTION

The FSCA has said that the intrusive nature of regulation actually benefits insurers and intermediaries. Is this the reality on the ground?

ANSWER

Yes, intrusive regulation has helped us see how we can work towards better customer service
No, intrusive regulation comes at a cost and a major headache