WASHINGTON--(BUSINESS WIRE)--From the IASA Annual Conference, Insurance Global Operations (IGO) today announced that it has expanded its operation to North America. IGO is already an established software solution provider to the insurance market with carrier clients throughout Europe and Africa. The company’s North American operation is being spearheaded by North American CEO Didier Lamour, and is headquartered in Minneapolis with a regional office in New York.
As part of the introduction to the North American market, the IGO6 collaborative insurance administration platform is being made immediately available to North American insurers. While the IGO6 offering is today administering a wide range of P&C products, IGO is building on its proven platform to also provide solutions to the North American Group Life market.
“While many property/casualty core systems—and a few life/health/annuity core systems—are now modern, only a handful are truly innovative. There’s always room in the core systems market for a truly innovative solution,” said Chad Hersh, the Managing Director for the Insurance Practice at Novarica.
Based on a wealth of prior experience in Group Life, and after evaluating the North American insurance market to identify the area of greatest need, IGO concluded the Group Life market is underserved by technology, with few modern administration solutions available that are capable of meeting the Group Life market’s highly complex automation, collaboration and processing needs.
Commenting on IGO’s entry into the North American market, Kelly Lyles, CEO of AIG France, said, “We congratulate IGO on the expansion to the North American market and we are confident they will meet with success as companies like ours are always looking for quality partners like IGO that deliver as promised.”
Kelly Lyles continued, “We have been an IGO client since 2009, and in that time IGO has proven its insurance expertise with the IGO6 solution, coupled with a knowledgeable and skilled team of professionals. With IGO, AIG France has been able to bring new levels of automation, collaboration, and efficiency to the operation, helping us achieve aggressive growth without adding significantly to expenses.”
“This is the ideal time for IGO to expand to North America. We spent three years developing our IGO6 solution and have enjoyed a good deal of early success in Europe and Africa since the offering’s initial release in 2012. While we know there are a lot of insurance administration solution providers, we feel there is a need to shake up the status quo and that it’s the right time for the disruptive application of technology in insurance,” said IGO’s Chairman and Chief Innovation Officer Olivier Jaillon.
Jaillon added, “We have our work cut out for us, but we are up to the challenge. With our strategy of adding Group Life, one of the industry’s most complex processing environments, we will quickly prove the value of our solution and our organization to North American insurers.”
The address for IGO’s North American headquarters is:
| 7900 International Drive | |||
| Suite # 1085 | |||
| Bloomington, MN 55425 | |||
About IGO6
IGO6 is the insurance industry’s first collaborative end-to-end administration system - delivered via the cloud - and is capable of supporting all P&C and Life lines of business for any state, country, currency or language. Designed to offer more than simply core processing for claims, billing, and policy administration, IGO6 addresses the modern enterprise, encouraging insurers to work in new and collaborative ways. Built completely on Microsoft technology, IGO6 is highly configurable, delivers a rich and intuitive user experience, and includes embedded business intelligence and analytics, and enterprise social networking to facilitate collaboration inside and outside the organization. With IGO6, insurance companies of all sizes can better tackle P&L challenges, market opportunities, regulatory pressures, operating costs, and employee, user, and channel satisfaction.
About Insurance Global Operations (IGO)
IGO is a new breed of software provider delivering on its vision to change the status quo of insurance administration systems through the disruptive application of technology. IGO designs and develops its insurance solutions with the goal of helping insurers face the growing P&L pressures from increasing regulations and little return on assets. IGO understands that with these challenges comes the need for P&C and Life insurers to find a new way of processing that goes beyond claims, billing, and policy administration. IGO is headquartered in Minneapolis with offices in Paris, New York and Tunis. For additional information on IGO and IGO6 visit www.insuranceglobaloperations.com or call (817) 307-3256.
