NTT DATA UK&I, an IT services provider and consultancy for the insurance industry, has announced a new partnership with iPipeline, a digital solutions provider to the UK life insurance, pensions, savings and investment market.
The partnership will enable NTT DATA to provide additional expertise and resources to strengthen iPipeline’s operations in the UK and across Europe, and improve its technology to help advisers operate more efficiently.
iPipeline provides a complete policy administration platform to leading insurance, pensions and savings businesses including Aviva, Zurich, Royal London Ireland and OneFamily.
Headquartered in the United States with offices in the United Kingdom and Canada, iPipeline aims to expand into new European markets through its strategic partnership with NTT DATA.
Ian Teague, UK managing director at iPipeline, commented: “While there are differences between the UK and European life and protection insurance markets in how products are sourced and distributed, there are also common elements, one of which is provider technology, which is often a constraint on innovation and optimizing provider efficiency and margins.”
“We are here to change that. Our SSG Digital Platform already powers many of the most powerful and respected insurers in the UK market and this partnership will support our ambitions into Europe, accelerating our trajectory and development capabilities. A positive outcome for all markets.”
“Our technology is innovating for providers, empowering advisors and their clients to access and manage their insurance online. In a market where we have not historically been recognized as a technology leader, we are providing the foundation for real change,” Teague continued.
The UK and European insurance, pensions and savings industry is facing major changes in consumer engagement, purchasing behaviour, demographics and retirement planning, requiring businesses to become more agile and innovate faster. They are looking for a trusted partner to help them digitise and improve efficiency and effectiveness.
With a proven track record of successful projects, the collaboration between iPipeline and NTT DATA delivers a powerful solution to support transformation projects for insurance, pension and savings companies.
Dave Brooks, head of NTT DATA’s insurance division, added: “This partnership highlights NTT DATA’s continued growth in the insurance market as we support new leading insurance companies in their transformation journeys.”
“NTT DATA is committed to building long-term relationships with our customers and partners and creating innovative solutions tailored to their needs. We look forward to continuing to support iPipeline as it continues to grow globally.”