#USA #DXC Technology #Ashburn #PoloWorks #Assure Commercial

DXC Technology Partners with PoloWorks to Propel New Syndicates Forward

In a significant move aimed at enhancing operational efficiency within the insurance sector, DXC Technology, a leading name in enterprise technology and innovation, has announced a partnership with PoloWorks, a Lloyd's managing agent. This collaboration is set to promote new syndicates in the London insurance market, tapping into the capabilities of DXC's advanced Assure Commercial Specialty platform.

What is Assure Commercial Specialty?

Assure Commercial Specialty is a pivotal component of DXC’s broader Assure suite. This innovative platform operates on a cloud-native architecture and is designed to be API-capable, incorporating built-in artificial intelligence and no-code configurability. This cutting-edge technology allows PoloWorks to quickly and efficiently establish and scale new syndicates, thereby providing the essential flexibility new Lloyd's participants need as they embark on their underwriting operations.

DXC and PoloWorks have been collaborating since 2023 to modernize syndicate operations through the Assure Commercial Specialty solution. This platform alleviates individual syndicates from the cumbersome task of software management and maintenance, thereby streamlining the setup processes and removing long-standing barriers to quick syndicate formation.

Benefits for Syndicates

The introduction of Assure not only enhances operational efficiency but also ensures seamless digital workflows and compliance with regulatory requirements. As Paul Andrews, PoloWorks’ Managing Director, stated, "With Assure Commercial Specialty, we can provide our syndicates with the technology they need to hit the ground running from day one." He emphasized that DXC empowers PoloWorks to maintain stability, connectivity, compliance, and secure operations, allowing syndicates to focus on what they do best: underwriting.

Furthermore, the PoloWorks ecosystem is now built upon DXC technology, ensuring scalability with every new initiative. This technology doesn't only support Lloyd's syndicates but also extends its benefits to insurers and Managing General Agents (MGAs). The Assure Commercial Specialty platform enables syndicates to enter the market within just a month, thereby granting them the confidence to operate from the onset while accessing industry-leading tools and functionality. The platform features extensive insurance capabilities encompassing pre- and post-bind processes, claims management, financial oversight, and analytics, all configured without extensive coding.

A Transformational Relationship

Chris Kirby, DXC's global product director, emphasized the significance of this partnership by stating, "We are proud to work with PoloWorks and equip the company with top-tier technology. Together, we are modernizing the Lloyd's market by accelerating time-to-market, simplifying onboarding processes, and ensuring continuous access to state-of-the-art tools, enabling growth for managing agencies and syndicates alike."

With an impressive track record exceeding 40 years in the industry, DXC stands as a trusted partner within the insurance landscape, handling over 50% of transactions processed in the London insurance market. As a leading provider of core insurance systems, DXC remains at the forefront of innovation, helping brokers and (re)insurers to mitigate the complexity and costs associated with over a billion policies managed via its software solutions.

To learn more about how Assure Commercial Specialty can revolutionize syndicate operations, visit DXC Technology's website.

In conclusion, this partnership signifies a major step forward in transforming the operations of new syndicates in the insurance industry, leveraging modern technology to foster growth and efficiency.