Software provider, Software Solved has launched an insurance division, offering risk management, underwriting, distribution and data visualisation solutions for the sector. Software Solved already works with a number of major UK insurers in their digital transformation projects, including RSA Group, for which it created the real-time risk data platform, RSAred.

The company has hired Rob Faulkner to lead the new practice – a business development, product management and marketing professional with 20 years’ experience in the sector, including roles at Aviva, Allianz, Brit, JLT and Towergate.

Managing director at Software Solved, Lindsay Lucas said: “We are thrilled to be launching our Insurance Practice and building upon our reputation for delivering expert data and software solutions in this sector.

“The insurance landscape is changing, from the way firms assess risk to the increasing volume of data at their disposal. Great customer experience is also now an expectation for insurers. Brokers and underwriters need the digital tools which support intelligent decision-making, leverages their data and improves the service for clients.

“We pride ourselves on delivering value-led software which meets this need and empowers firms to evolve in a competitive market. The team is committed to being transparent, authentic and collaborative with clients and this enables us to deliver unrivalled results.”

Faulkner added: “I am delighted to be joining the Software Solved team and leading the Insurance Practice at this exciting time in the industry. Digital transformation is a key opportunity for insurance businesses, yet it can also be a daunting one.

“Our team’s unique experience in custom software and consultancy means we are with clients each step of the way in their modernisation. Software Solved is at the cutting edge in machine learning and data analytics platforms and this is where insurers can dramatically improve their operational efficiency and customer experience.”

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