Agencyport Software, a leading provider of software and services to the global insurance and reinsurance industries, today announced its new collaboration agreement with IT solutions and services company, UST Global.
The partnership brings Agencyport's specialist policy administration system, OPEN Core Platform: Health, part of OPEN Suite, to the domestic and international medical insurance markets.
OPEN Core Platform: Health is finely tuned for the Health insurance marketplace. It is a powerful multi-currency, multi-lingual system for global underwriting, accounts and claims.
The OPEN Core Platform: Health allows insurance companies to provide and manage international cover for their members, while also providing an alternative adjudication system for multiple specialty products.
The partnership has been forged to combine UST's healthcare domain knowledge, solutions and systems integration expertise, with Agencyport's software product and market experience - OPEN Core Platform: Health presents a proven engine to support the business growth objectives of US and global health insurance companies.
Steve Westley, Director of Health at Agencyport, said: "OPEN Core Platform: Health is the IT backbone to many international and domestic health insurers. We recognise the global market opportunity with prospective customers presenting the need for worldwide expertise to augment Agencyport capabilities. UST complements our customer offering completely: It has a client-centric focus, an ability to scale, a worldwide reach and a cost-effective hybrid model combining onshore, nearshore and offshore. All these facets support our growth strategy. We are incredibly excited to bring our market-leading health product to the American market and beyond with UST."
There are multiple opportunities for OPEN Core Platform: Health to be adapted to reflect international specialty needs. UST Global, with its deep insurance domain expertise, would configure the system to not only cover the international market, but also apply skills to seamlessly integrate into a company's infrastructure.
Mark A. Jardin, Vice President Global Health Group, UST Global said: "TThere are limited opportunities to deliver a truly global solution to insurance companies. We look for best of breed solutions to bring to the market and Agencyport has a unique and complete product that will be well received in the US and beyond. Agencyport's OPEN Core Platform: Health is powerful, configurable, easy-to-use and fills an important gap in the PMI /IPMI system market place. Coupled with Agencyport's expertise and knowledge in the field of health insurance, the solution is unrivalled."