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Zurich Colombia deploys TIA core insurance solution
With the launch of their new commercial-line insurance business in Colombia, TIA helps Zurich to build a strong market position in a dynamic market.
Virum, Denmark 2015 – Zurich Insurance Group, (Zurich) one of the world’s global insurance providers, has chosen the TIA core solution to help them start up their business in the fast-moving Colombian market. The TIA core solution was implemented by Accenture for policy administration, claims management and reinsurance, supporting the latest addition to their Latin American business - Zurich Colombia Seguros.
The cooperation between Zurich, TIA Technology and Accenture has resulted in a successful and timely deployment of the TIA core insurance solution for Zurich Colombia Seguros.
"Everyone who is part of Zurich Colombia team feels proud of this achievement” says Victoria Bejarano, CEO Zurich Colombia. “We are now ready to position Zurich Brand in the Colombian market and contribute to Zurich’s business growth across the region"
A strong foothold in emerging markets
Zurich has chosen the TIA Solution as the cornerstone for the group’s expansion into the South American markets. Zurich Colombia’s commercial-line products and reinsurance handling processes are all running on the TIA solution. Having chosen TIA’s open and modern core solution supports Zurich Colombia’s responsive and innovative digital insurance services helping them to become an early mover in the Colombian market.
TIA Solution is a flexible and efficient solution for an insurance provider operating in a booming high-energy marketplace such as Colombia. With a dynamic TIA backbone in place, this software solution will be the basis for Zurich’s Latin American businesses in the years to come.
"TIA is Zurich’s standard solution for small and midsized markets. The flexibility of the TIA Solution helps us to adapt proactively to the dynamics of the Colombian market,” says Claudia Dill, CEO, Zurich Latin America."
Commitment to rapid delivery
Implementing a software solution for a new business - from the ground up - can be demanding and met with unforeseen challenges. It therefore helps to have a long-time strategic software partnership in place like the one TIA Technology and Zurich have developed. The two organizations have worked together to build up a software backbone for Zurich’s operations in other Latin American locations, including Brazil and Venezuela.
The long history of cooperation between TIA Technology, Zurich and Accenture contributed to a fast launch of the TIA Solution (version 7). The TIA Solution was up and running for Zurich Colombia in less than a year thanks to the dedication and cooperation of all parties involved in the implementation project.
"We congratulate Zurich Colombia with their successful implementation,” says Jakob Schou Meding, CEO of TIA Technology. “It has been a great experience working with a dedicated Zurich team on this project, and we look forward to continuing to support Zurich in new market expansions."
About Zurich Insurance Group
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With more than 55,000 employees, it provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. www.zurich.com
Accenture is a global management consulting, technology services and outsourcing company with more than 336,000 employees serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30 billion for the fiscal year ending on August 31, 2014. www.accenture.com