Genasys, a provider of insurance policy administration software, has announced a strategic partnership with Web Connectivity Limited (WCL), a provider of messaging, connectivity and integration solutions for the insurance industry.
This collaboration underscores Genasys’s commitment to delivering world-class software and services to the London insurance market.
The partnership between Genasys – second on our InsurTech 50 ranking late last year – and Web Connectivity aims to provide insurers, brokers, and Managing General Agents (MGAs) with cutting-edge technology solutions.
By leveraging Web Connectivity’s expertise in ACORD messaging and integration, Genasys’s cloud-based, low-code platform will further streamline operations, enhance efficiency, and ensure compliance with industry standards.
Genasys’s platform, known for its flexibility and configurability, will be enriched with Web Connectivity’s robust integration capabilities. This partnership will enable seamless data exchange across the insurance value chain, from policy administration and claims management to billing processes.
The enhanced platform will support improved connectivity, greater digitisation, enhanced efficiency, and robust data governance, aligning with the priorities of BluePrint Two.
“Partnering with Web Connectivity is a significant step in our mission to make insurance easier and more rewarding for all stakeholders,” said Craig Olivier, Group CTO of Genasys.
“This collaboration allows us to provide the London Market with the most advanced, user-friendly, and reliable software solutions coupled with world class service. Together, we are committed to driving innovation and efficiency in this critical sector.”
InsurTech 50 – UK’s most innovative insurance tech creators for 2023
The integration of Web Connectivity’s solutions with the Genasys platform will future-proof insurance businesses, enabling them to adapt to market changes with ease.
This partnership is designed to reduce administrative overhead, improve operational efficiency, and foster a more collaborative environment within the London Market.
‘Lack of reliance on outside funding puts us in pole position’