Novae Deploy Motor Fleet Business Online With SAFI

October 2, 2008

WATFORD, England, October 2 /PRNewswire/ -- Doing business online has been the mission of Novae Group Plc ('Novae') since deploying Salmon's Application Framework for Insurance (SAFI(TM)) for its underwriting business in 2004. Novae have now launched its Motor Fleet line-of-business on SAFI, extending the web-based platform to get a range of new products to market quickly and efficiently.

Steve Fookes, IT Director Novae said, "The introduction of Novae's Motor Fleet Underwriting Service is an opportunity to strengthen our market position. We needed a completely integrated IT infrastructure that could be aligned across the business which was cost effective and would support ongoing growth."

Designed as a series of fully reusable and customisable components that allow insurance companies to quickly leverage a truly open IT architecture; SAFI provides Novae greater visibility of the insured, policies and claims throughout the life cycle; encompassing such activities as quotations, placement of orders, policy production, financial management, document generation, management information and regulatory requirements.

Steve Fookes continues; "The web-based system ensures that paper-based inefficiencies are a thing of the past and helps us provide a higher level of service to our brokers such as online quote and acceptance with immediate document production."

"Motor Fleet Underwriting is a complex business, especially when interfacing with third party systems likes the Motor Insurance Database; however Salmon's knowledge and experience ensured that we hit our go-live deadline within 90 days and enabled us to commence trading on schedule. We are very pleased with the results since launch and the system has fully met our expectations." said Fookes.

Salmon specialises in developing solutions and IT strategies for companies operating in different areas of the insurance sector. Customers include UBS, Munich Re, Swiss Re and WR Berkley. SAFI(TM) combines, comprehensive business acumen and a wealth of IT project management expertise from Salmon and strengthens their ability to help other insurers successfully translate leading edge technologies into viable solutions.

About Novae

The Novae Group delivers insurance and reinsurance underwriting expertise to international and UK provincial markets.

To serve our diverse markets, Novae operate two trading platforms. Our Lloyd's business, Novae Syndicates, handles large, international and specialist risks while Novae Insurance, our FSA-regulated insurance company, transacts UK and European commercial lines business.

Both share a common vision and commitment to superior underwriting, combined with first-class service and delivery. We aim to provide a seamless blend of experience and to exceed the expectations of brokers and their clients.

Whether doing business in the dynamic Lloyd's market or the thriving UK SME sector, Novae has built its reputation on its values of expertise, integrity, performance, quality and sustainability.

About Salmon

Salmon is a highly innovative global systems integrator whose commitment to on-time, on-budget projects is increasingly embraced by the leading names in retail, insurance and financial services markets. Since 1989, leading brands have been turning to Salmon for its ability to build, integrate and support business-led systems that add measurable competitive value to their day-to-day operations - and to their bottom line. Salmon quickly understand business needs, creates realistic development schedules, and efficiently delivers solutions to plan; based around an ethos that marries a depth and breadth of development skills, with a management process that removes virtually all risk from successful project roll-outs. Customers include Argos, Ann Summers, Bristol & West, Halfords, ICI Paints and Swiss Re.

Salmon is headquartered in Watford, Hertfordshire and has offices in the US, China and Australia. For more details about Salmon visit http://www.salmon.com