DXC Technology introduces its new global brokerage platform

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DXC Technology (NYSE: DXC) has unveiled its new global digital brokerage platform, DXC Assure Broking, with an early adopter, Lockton, the world's largest independent insurance broker. Lockton is using DXC's cloud-based platform for its UK retail business with a view to expanding into other regions and sectors.

 

DXC is the lead technology partner for the BluePrint Two initiative (Source: Lloyd's)

DXC is the lead technology partner for the BluePrint Two initiative (Source: Lloyd's)

Running on Amazon Web Services (AWS), DXC Assure Broking is an integrated, modular solution for commercial insurance brokers, built on the DXC Assure Digital Platform. Covering business development, policy administration, claims, reporting, and analytics, it provides a digital customer experience, reducing costs, increasing efficiencies, and reducing time to market for new products and services. It is the natural successor to DXC's current portfolio of brokerage solutions: Brokasure Desktop, Brokasure Enterprise, and GLOBAL XB.

 

DXC Assure Broking supports Blueprint Two's digital services as part of the core solution to transform the London insurance market. DXC supports the transition from Blueprint Two with digital activation options via a new offering, DXC Assure Market Link, which enables brokers along with commercial and specialty transport companies to preserve their investments in existing DXC applications.

 

Ray August, President, of Insurance Software and BPS, DXC Technology, said: “Today is a significant milestone for DXC and demonstrates the progress we have made in developing a pioneering brokerage platform. Lockton is a valued customer for DXC worldwide and I am delighted that we are driving the transformation of this industry with a high caliber early adopter like Lockton. We meet our clients where they are on their transformation journey and provide them with the support they need to expand their investments or migrate to new solutions."

 

Lockton today uses DXC Assure Broking components at a number of UK locations with the potential to expand across Europe.

 

"Lockton selected DXC Assure Broking as a long-term strategic solution with the potential for wider adoption across the Lockton business," said Simon Coleman, COO of Lockton International. "We are excited to be working with DXC to design the retail solution to help us deliver faster time to market and greater value for our customers."

 

Craig Beattie, a Senior Analyst at Celent, commented, “DXC's continued investment in digital solutions for the global insurance industry demonstrates its commitment to the market and provides a roadmap for DXC's extensive customer base in the insurance industry. Lockton's ambitions for the platform provide a glimpse into the potential of the new offering."