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Insurethebox selects Open Square

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Metaskil are delighted to announce that insurethebox Ltd selected their Open Square insurance software suite to support all back office and online functions of their highly innovative telematics motor insurance product.

Ian Faulkner, Managing Director of Metaskil said "we are thrilled to have been involved in such an exciting development in motor insurance and I am sure that we will continue to work in partnership for years to come.  The unique visual modeling approach to building insurance products and arrangements afforded by our Pact and Napier solutions has meant that we have been able to deliver exactly what was needed without the age old problem of bending the business to fit the technology"

Metaskil logo
Metaskil logo

A key factor in the decision was the ability to handle extremely complex rating calculations.  According to Mike Brockman, Joint CEO insurethebox Ltd: "Open Square software gives us flexibility and the ability to make rating decisions promptly and with confidence, which will help us to remain competitive in a fast-moving market."

Notes to Editors

About Metaskil
Metaskil works with clients to deliver complete solutions, ranging from leadership development and coaching through IT systems development and delivery to complete business transformation. Metaskil is ideally placed as a consulting partner – having the experience, pragmatism and focus to successfully deliver without the ‘big five' price tag.

Acquired in June 2009, Open Square provide an innovative set of modules for the rapid development of applications for the insurance market. Using Microsoft Visio®, Word® and Excel® to describe processing, documents and underwriting/pricing rules, Open Square tools can rapidly develop solutions to the most complex insurance applications

About insurethebox Ltd
insurethebox's joint chief executives are Mike Brockman fand Andy Haynes. Brockman was a co-founder of EMB in 1993, which has grown to become the world's largest non-life actuarial consultancy and has won two Queen's awards for Enterprise. Andy Haynes is a highly experienced insurance professional who has specialised in private car insurance throughout his career.  His most recent position was as Group Chief Executive of Guardian Holdings Limited (Europe).
 
Although other insurers have operated on a mileage basis, insurethebox is thought to be the first in the world to do so for all its customers and to positively incentivise good driving.
 
The boxes are supplied by Octo Telematics SpA, the world leader in the application of telematics to the insurance industry. Founded in Rome in 2002, it has over 90% share of the automotive insurance telematics market in Europe, USA, South America and Asia. www.octotelematics.com 

For more information please contact
Ian Faulkner
Managing Director, Metaskil
01189 819316
ifaulkner@metaskil.com