Focus Solutions inks Assurant contract
Focus, a leading provider of customer management solutions to the retail financial services market, has announced today a new contract with Assurant Solutions, part of Assurant Inc.
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The three-year contract is worth just over £250,000 and is for the first phase development of a Point of Sale (POS) solution to support the sale of regulated General Insurance products. The new solution will be deployed through existing client relationships, all of which are directly authorised by the Financial Services Authority (FSA).
Focus has expanded its coverage into a new vertical market, with Assurant Solutions as its first customer within the UK General Insurance market. The FSA started regulating this market in January 2005, increasing the need for intermediaries to improve the efficiency and compliance of their sales process. This new solution will deliver a single electronic application that will help intermediaries to sell a compliant suite of products in the most efficient way.
John Streets, CEO, Focus Solutions Group plc added: "This contract with Assurant Solutions is particularly significant for the Group in moving our technology and MCA (Multi-Channel Advice) solutions into new market areas. The General Insurance market offers significant revenue potential for us and Focus is ideally placed to take advantage of this opportunity due to our knowledge and experience gained in the Life, Pensions and Mortgage markets. Our reputation and track record in these markets was a key factor in the decision process and our technology radically simplifies the sales process."