Resolution Insurance has chosen SSP to provide the IT system to underpin its expansion plans.
The deal will see SSP Pure Insurance deployed as a single flexible, end-to-end core insurance solution across Resolution Insurance’s operations in Kenya and Tanzania, with local account management support from the Kenyan office.
Following private equity investment, the insurer has diversified into the general insurance market and expanded from its Kenyan base into Tanzania.
Steve Lathrope, group managing director at SSP, says, “Kenya is an important market for general insurance that has grown by 20% compound over the last year.”
Resolution Insurance is part of SSP’s African insurance community, whose user group continues to play an important part in driving the roadmap for Pure Insurance product and strategic investment, he explains.
Maryanne Mugo, managing director at Resolution Insurance Tanzania says, “We are targeting 100% growth in GWP over the next five years. Although we originally launched as a healthcare insurer, general insurance will play a vital role in our growth plans by becoming the biggest element of the group, contributing around 60% of our GWP.
To be able to realise these plans, Resolution needed a platform designed specifically for the short-term insurance market. “As SSP has provided solutions that support the differing requirements of the African insurance market for over 30 years, we will benefit from both its experience and R&D investment in the platform,” she says.