Sequel Business Solutions: Bridging Lines of Business Logic and Data

In a hunt for competence, nimbleness, and the capability to innovate, insurers are swiftly realizing that the legacy applications are often a roadblock for them. Suppliers hamstrung by these applications are struggling to invest in new products that can integrate with existing platforms and provide the flexibility and benefits that insurers are looking for. Further, market wide initiatives as well as individual company projects have continually failed to deliver the benefits promised to the business on time and on-budget. Sequel, an insurance and reinsurance software specialist has responded to these issues by providing modern, relevant products that enable the insurance companies to drive forward. An impeccable example of this is the Sequel Portal, which sits above all legacy applications. The Sequel Portal allows the customer to configure specific lines of business logic and data.

In order to modernize legacy applications, Sequel has significantly invested in innovation , supplying new products to the insurance market. The innovation transforms the way the business sees the use of software using Sequel Impact—a product that provides underwriters, actuaries and other risk management stakeholders the ability to quickly and easily quantify and visualize risk exposure for any class of business. It provides a better understanding of risk and exposure. “More informed, easier-to-access exposure information and analytical capabilities have provided customers with the ability to deliver more informed pricing, whilst reducing underwriting risk and making the most effective use of underwriting capital,” says Garcia.

The company also offers an exclusive product Sequel Claims, which combines highly intuitive user, interface with advanced workflow capability. This meets the requirements of insurers to have claim processing operations that are customer-focused, cost effective and flexible. In addition, the company also provides a state-of-the-art solution known as Eclipse Underwriting. It is a proven system that can provide both effective preventative and detection control over Underwriting. Eclipse supports Direct and Inwards Reinsurance capture, as well as Delegated Authority models.