Other Service Provider Solutions

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.

enabledPlacing

WCL’s enabledPlacing readily integrates with other placing platforms, making it more than capable of supporting the breadth of London Market transactions.

Insurance solutions

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

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 and claim settlements, improve the audit tail and reduce or remove unmatched cash improving transparency and control.

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.

Additional solutions create new opportunities for streamlining the process of placing risk (enabledPlacing), supporting London Market Write-Back for claims processing (enabledClaims), and simplifying information exchange by translating document and message formats between parties (enabledTransform).

Intractable problems solved with Machine Learning

Using recent developments in AI, WCL co-developed an approach to cash management that relates settlement details in bank statements to transactions and supports subsequent cash allocation and matching processes. 

The Cash Management solution was created in partnership with Fennech, a B2B Fintech business, which provides the Digital Contracts Platform.

The world’s largest service providers, Market Places and associations are using WCL solutions

Experience

Since 2003, WCL has enabled insurers to embrace new ways of working to improve their business.

With a range of software solutions, our deep understanding of the needs of the industry and our technical implementation capabilities we have helped improve the way the insurance market operates for all its participants.

While we champion industry standards we also set new standards in performance, enabling swifter business and streamlined processes. Our solutions offer a convenient and low risk way to enter electronic accounting, placing and claims. They also constitute a step on the road to automation, saving valuable resources which can be redeployed elsewhere in the business.

Although much of our work is focused on back-end systems, it has boardroom appeal. Aside from the obvious time and cost saving benefits, there are also important regulatory and compliance advantages to adopting our systems.

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.

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

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

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