Gable Insurance, the Liechtenstein headquartered, pan-European carrier, has just bought Sequel’s Eclipse Underwriting software in a deal that includes training, consultancy and implementation. Gable is also taking Sequel’s Eclipse Financials module for its GAAP reporting requirements.
“We needed one modern, powerful and robust system to run our European business on, so we chose Sequel,” says Gable’s Chief Executive William Dewsall. “We took a careful look at what was available on the market and we put our requirements out to tender. The software Sequel proposed was immediately applicable to our international operations and they had the ability to install a system that would support our plans for growth. Sequel know what they’re doing and they have the right kind of people and technology to help us achieve our ambitious goals.”
Michael Graham, Sales and Marketing Director of Sequel comments: “It’s significant that Sequel’s first European customer should be a forward thinking firm such as Gable. It’s a universal truth that great businesses need great systems to support them. Our software is universal too as evidenced by this first contract win in Europe.”
Founded in 1993 and headquartered in the City of London, Sequel Business Solutions Ltd are award-winning insurance and reinsurance software specialists. Sequel’s customers are underwriters and brokers within the Lloyd’s, Companies and international insurance/reinsurance sector.
The list of customers Sequel has worked with includes: ACE INA Services UK Ltd, Gable Insurance AG, Alterra at Lloyd’s Services Ltd, Global General & Reinsurance Co. Ltd, Argenta Syndicate Management Ltd, Jubilee Managing Agency Ltd, Ascot Underwriting Agency Ltd, Kiln Group Ltd, Berkley Re UK Ltd, Markel International Ltd, BMS Group Ltd, Marsh Ltd, Brit Insurance Holdings Plc, New India Assurance Company Ltd, Canopius Managing Agents Ltd, Novae Group Plc, Cathedral Underwriting Ltd, Omega Underwriting Ltd, Cobra London Markets Ltd, Pioneer Underwriting Ltd, Cooper Gay Swett & Crawford Ltd, Randall & Quilter Investment Holdings Plc, Dashwood Brewer & Phipps Ltd Shelbourne Syndicate Management Ltd, Dual Corporate Risks Ltd, SSL Insurance Brokers Ltd, Equinox Global Ltd, Starr Underwriting Agents Ltd, Faraday Underwriting Ltd, Willis Group Holdings Ltd.
Sequel are known for their industry expertise, professionalism, and track record for delivering successful transformation programmes on time and on budget.
Sequel deliver a powerful suite of software solutions Eclipse - for insurers, reinsurers, brokers, MGAs, coverholders and start ups operating across the Lloyd’s, Companies and international (re)insurance markets.
Eclipse is a strategic suite of business applications built with 100% Microsoft technology that share a common business and technical architecture all of our products have been designed with open architecture to enable easy access to information and simple connectivity with other systems. This enables customers to have a comprehensive, holistic view of their business.
Sequel’s products have been designed and developed by our insurance experts, in partnership with underwriters, brokers and MGAs. By combining process efficiencies with innovative analysis and reporting capabilities, Sequel’s products give customers control over their business information so they can make decisions quickly and with confidence, as well as taking market and regulatory changes in their stride.
About Eclipse Financials
Eclipse Financials is an integrated module within Eclipse which provides the combination of a GAAP rules engine and a finance data mart in a single solution. Earning and writing pattern rules are set up within Eclipse Financials and calculations are performed to produce earned / unearned financials figures based on user defined criteria (currency, syndicate, class of business, risk code etc.). Within Eclipse Financials, earning and writing patterns can be recorded at a high level (e.g. class of business) or at a much lower individual risk level if required (including section or layer level) either with default patterns and/or with the ability for the underwriters to manually adjust where applicable.
About Sequel Impact
Sequel’s risk exposure and aggregation product Sequel Impact (sequel.com) is a graphically rich application making full use of the latest visualisation technologies to present data in a variety of useful formats to support insurance companies in their key business decision making.
Sequel Impact is underpinned by a powerful analytical engine that quickly calculates maximum loss scenarios. The application can be applied locally or internationally for a full range of risk exposure situations, ranging from GPS coordinates up to larger geographical zones such as postcodes or marine oil fields. It handles events from floods, for example, through to explosions across multiple classes of business. Sequel Impact complements Sequel’s existing suite of Eclipse Underwriting and Eclipse Broking products.