News regarding IBA Applications and our customers

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Mastering the Business Case – IBA does

Mastering the Business Case is a comprehensive book about optimized benefit realization, and how to produce a Business Case that supports this. Why is this relevant? As written in the foreword: “One of the root causes of failed projects is unclear business objectives.”

You get a profound documentation of such business objectives in Mastering the Business Case. If the Business Case is missing, the project manager and all resources related to the project have no clear guidance. This could end up in de-focused decisions, add wasteful complexity to the project, add unnecessary cost, prevent any focus on realizing the benefits, etc.

IBA – an ideal case of Business Management

The Business Canvas Model of the insurance industry has changed considerably to more complex business models. As the selected case for the Business Management chapter, you can read how IBA during our agile solutions make it possible for our customers to match increasing market dynamics and new demands – not least because we are capable of implementing insurance solutions multiple factors faster than market average.

As Anders Engdal, CEO of IBA, points out, “When the implementation of a solution starts, all energy should be focused on the business application change. The faster the implementation will be completed, the faster the company is able to change their business model to support the new requirements from customers, partners, aggregators and statutory authorities.

The organization will be able to quickly follow new market trends while adjusting products to new demands, and the break-even level where the return becomes positive from introducing new products is lower than before.”

Authors of the book: Klaus Nielsen, Cambridge-educated dual MBA holder, and Martin J. Ernst, M.Sc. and Assistant Professor at the IT University of Copenhagen

Read more about Mastering the Business Case

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YouTube channel for IBSuite

Check out the YouTube channel of Insurance Business Applications. You will find brand new instruction videos on IBSuite, our complete multi-channel sales- and policy administration system for the insurance industry, developed by IBA as a full-fledged Software-as-a-Service based solution (SaaS). Subscribe and get announcements whenever we have new tips & tricks.

Benvenuto! Berkshire Hathaway International Insurance Limited, Italia

We are thrilled to have BHItalia, Italian branch of US-based conglomerate Berkshire Hathaway, as our new customer. BH will use IBSuite to run their insurance business in Italy. BH has selected IBA’s partner “KUBE Partners” to perform the implementation. The first release will focus on policy administration of BH’s Medical Malpractice insurance portfolio.

MAG London benefits from IBA’s broker platform

IBSuite For Brokers enables significant growth and consistently high level of quality. “IBSuite is by far the most comprehensive we have seen,” says Guy Wilson of MAG London Ltd. MAG operates in international markets through European brokers, Lloyd’s Coverholders, Lloyd’s Open Market Correspondents and insurance Companies. View full case story.

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MAG’s IBSuite based broker solution named Technology Innovation of the Year!

Lots of congratulations to Marine Aviation & General (MAG) who won the category “Technology Innovation of the Year – Broker” at the 2014 Insurance Times Tech Awards only a few moments ago. The MAG broker solution is based on IBSuite and implemented by IBA and Kube Partners and went live earlier this year.

A big cheer for everybody at MAG, Kube and IBA involved in making this happen!

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Two more exciting customers signs agreement with IBA

We are extremely happy to announce that the Danish insurance companies NEM Forsikring and NEXT Forsikring has signed an agreement with us. The deal includes a full offload of all commercial and private portfolios from two current IT-platforms to IBSuite.

The deal are mentioned in the business section of the Monday morning edition of countrywide Danish newspaper Berlingske Tidende. In this article the CEO of NEXT Forsikring, Pelle Martin Schmidt, states that the implementation of IBSuite already has started, and includes the use of geodata, gps-data and telematics to be able to align your premium with your actual behavior when eg. driving – “We’ve made a partnership with IBA that are strategically very important for us, because we can include micro-tariffs much more than before. It is important for us to be able to rate on microsegments in the future, instead of the more wide segmentation on eg. Zip codes we’ve used until now”, says Pelle Martin Schmidt.

The full article (in Danish) can be found here.

 

Welcome to Christian Mussegaard

We are happy to welcome Christian Mussegaard as Project Manager here in IBA. Christian is an experienced management consultant and project manager and comes with a broad range of useful competencies. He comes from a project manager position at PFA Pension and worked for 6 years at Cap Gemini before that.

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IBA sponsor of Insurance Times Tech Awards 2014

We are proud to announce that IBA will be the sponsor of the “Best Use of Technology to Improve Broker Experience”-category at the Insurance Times Tech Award 2014, taking place in London on September 25’th.

See here for further information.

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MAG live with first three products

London based Marine, Aviation & General (MAG) went live on March 31’st with the first set of products aimed at the Italian commercial market. MAG is the first Lloyd’s broker live on IBSuite. The implementation is done in cooperation with the Italian based IBA partner, Kube Partners.

SBM joined the group of IBA customers this week!

This week the Swedish insurance agency, SBM, joined the group of IBA customers. SBM has great success with safety solutions within the vehicle insurance market – especially within Micro-insurances for the car market. With the implementation of IBA’s insurance solution, SBM will be able to introduce new products much faster.

“SBM is in growth, and it is essential for us that we are able to offer the products our customers demand within a short time period. In addition it is crucial that the system supports flexible workflow for our employees, and we are convinced that the IBA solution will meet our expectations”, says Per Anders Prabert, CEO, SBM.