CGI, HP Deliver Business Platform for Lloyd’s Kinnect
CGI Group (Europe) Ltd and HP (Hewlett Packard/Compaq) jointly announced that they have delivered a business platform for Kinnect Inc., a Lloyd’s of London sponsored initiative, to improve the efficiency and effectiveness of trading relationships within the international commercial lines insurance market.
“Kinnect, previously operating as Project Blue Mountain, chose CGI and HP as lead technology partners in this innovative new business venture. The multimillion-dollar program provides an adaptable, accessible and secure platform enabling commercial lines trading partners to communicate risk data electronically. Kinnect allows all participants to transfer data and information securely and have the flexibility to choose which of their processes are supported by the platform. This ensures that Kinnect customers retain the distinctive aspects of their business practice such as data, processes, systems and brand,” said the bulletin.
“The platform enables insurance underwriters – the professionals who assess each insurance risk and agree a premium to accept the risk – to improve their daily working practices by giving them better accuracy and timeliness of incoming data, increased time to analyze risks and better exposure management. Meanwhile brokers – the professionals who place risks on behalf of the insured – can benefit from a reduction in time-consuming administration processes and reduced errors and omissions. The platform enables brokers to concentrate on their core business and provide higher levels of service to clients and underwriters,” it continued.
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CGI developed Kinnect’s International Business-to-Business software platform and applications, while HP designed and built the secure IT infrastructure platform. “The flexibility, quality of delivery and the personal commitment of CGI and HP has helped us to build this exceptional venture from the ground up,” commented Ashok Gupta, CEO of Kinnect.
“HP and CGI were chosen for their specialist industry knowledge and ability to respond to complex requirements within aggressive time-frames,” added Phillip Bungey, CTO of Kinnect. “Both companies also demonstrated significant eCommerce development expertise and a capability to work in partnership with others. This assessment has proved accurate and they have done exactly what they said they would do on time and to budget.”
Gavin Chapman, managing director of CGI Group Europe Ltd, stated: “CGI is delighted to be a key partner in this exciting new venture, particularly as Kinnect is perfectly aligned with our growth plans within the insurance sector and our key target markets in the US and Europe.”
Jim Kent, VP and general manager of HP services UK and Ireland, noted: “HP designed, built and delivered this adaptive infrastructure based on our customer’s business requirements. Kinnect is an open, agile and secure platform, delivering value to the market by reducing costs and increasing productivity.”