Industry Solutions

WCL solutions are supporting the world’s largest insurance businesses.

Brokers, insurers, reinsurers and other insurance entities or service providers all rely on our range of technologies to transform their business processes and improve workflows.

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Insurers

enabledAccounting solves intractable business issues at a stroke, eliminating unallocated cash and reducing operational costs through streamlined processing.

A range of integrated solutions speed up premium payment and claim settlements, improve the audit tail and reduce or remove unmatched cash improving transparency and control.

enabledPlacing allows underwriters to view all their electronic placements in one easy-to-use online tool— whether you are  integrating with placing platforms such as PPL or Whitespace, connecting directly to brokers electronically, or engaging with electronic initiatives such as SDC or Lloyd’s Brussels.

Reinsurers

Implementing e-accounting processes with WCL’s enabledAccounting has immediate benefits for reinsurers.

It greatly speeds up payments of premiums and claims, reduces the time spent resolving queries and offers 100% transaction reconciliation. Better relationships result from closer collaboration with market partners and improved controls aid compliance.

Brokers

Our solutions for placing and accounting vastly improve on current methods, speeding up business, and opening up new opportunities.

Through enabledPlacing and enabledAccounting you can access a range of services that simplify business workflows, reducing potential errors and disputes, securing structured data, and increasing access to and business in the London and Global insurances markets.

Other service providers

WCL technologies and services enable the industry to improve business processes, streamline operations, increase transparency and boost the speed of business. 

As an active participant in providing industry solutions WCL is an enthusiastic collaborator with other service providers, seeking partnerships and co-developing solutions.

Far more than software providers...

We guide your business on a digital transformation journey

When working with you, we share our expertise in business process change, technology implementation, and systems integration. That implies taking the time to fully understand your environment and the background to existing processes first—but it also means being prepared to challenge established ideas too.

Whether your objective is to streamlining data flows or increasing automation with straight through processing, we use our knowledge and experience to leverage efficiencies, reduce administrative costs and extract enhanced data insights—providing clear demonstrations of the reason for change, the vision, and the path to get there.

Business process overviews

WCL solutions are supporting the world’s largest insurance businesses.

Brokers, insurers, reinsurers and other insurance entities or service providers all rely on our range of technologies to transform their business processes and improve workflows.

enabledAccounting

An attractive, out-of the-box solution, WCL’s enabledAccounting makes it possible to do away with manual processes and quickly gain the benefits of electronic accounting processes.

Using structured message formats, enabledAccounting ensures secure, rapid delivery and acceptance of transactions and settlements. The increased visibility of information enhances the audit trail, and improves control and an end to unallocated cash.

Through its intuitive interface it gives access to a range of related solutions to support cash allocation, co-insurance, outward reinsurance, intra-group accounting, and binder reconciliation.

enabledPlacing

WCL developed enabledPlacing to establish a single point of reference, providing a common interface for placing risk.

It offers seamless translation between document and message formats created by different systems, enabling brokers and carriers to exchange electronic placing and endorsement messages reliably, using any message or document standard or API.

enabledClaims

This application supports brokers and carriers using the London Market initiative Write-Back and Electronic Claims Files systems.

It provides enriched claims data and management information to businesses offering greater flexibility in managing claims from internal systems and removes duplication and inefficiencies.

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enabledTransform

At its simplest, enabledTransform is a conversion utility, taking information in one format and converting it to another so that it may be processed by people or by machines.

enabledTransform simplifies business by enabling data to be restructured to suit the needs of transacting parties. It does this automatically without any need for major technical change.

For further information, please contact one of the WCL team today:

+44 (0)20 3908 3200 | info@webconnectivity.uk

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