DXC’s digital platform transforms the way specialty insurance is sold, processed and managed

LONDON, May 23, 2023 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading global provider of insurance software and technology services, announced that Beat Capital Partners (“Beat”), a long-term investor specializing in the insurance industry, will implement DXC Assure Commercial and Specialty, DXC’s cloud-based insurance platform, for the administration of Beat’s syndicated policies.

Investing in world-class specialty underwriting franchises, Beat will move to DXC’s digital insurance platform and use all the features of DXC Assure Commercial and Specialty. This cloud-based solution combines customer engagement, self-service capabilities, with analytics and a high degree of no-code configurability.

The platform will enable Beat underwriting franchisees to consume new digital services under Lloyd’s Blueprint Two, an initiative to transform the London insurance market from a largely paper-based set of analogue processes to an efficient and focused digital marketplace in the data.

The Software-as-a-Service contract was signed at the end of March and gives early adopters access to DXC’s comprehensive insurance roadmap and customer community.

“After completing an extensive formal industry-wide search, we selected DXC Assure Commercial and Specialty as the preferred platform for the administration of policies written through Lloyd’s 4242 syndicate,” said Brett Hockly, Head of IT, Beat Capital Partners Limited. “We expect the cloud-based platform to meet our core requirements, especially syndicates, which are an important part of our business. The DXC team have strong experience in the Lloyd’s market and have given us great confidence in their ability to help us evolve to a more data-driven business model.”

“We are delighted to welcome Beat as an early adopter of DXC Assure, helping it modernize and keep pace with market dynamics,” said Ray August, Global Head of Insurance Software

DXC, the world’s number one provider of insurance technology, offers market-ready solutions for companies and brokers in the global niche market. It recently announced Blueprint Two transition services that enable digital enablement for those using legacy or existing systems through a new SaaS offering, DXC Assure Market Link. DXC is also building the digital platform and providing IT services to support the transformation of the London market.

DXC Assure Commercial and Specialty enables the availability of new services delivered under Blueprint Two, including CDR, MRCv3, EBOT, ECOT Writeback, as well as Ruschlikon, B2B, global IPOS/ICOS standards and interoperability with colocation platforms.

Acerca de DXC Technology

DXC Technology (NYSE: DXC) helps global enterprises run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private, and hybrid clouds. The world’s largest enterprises and public sector organizations trust DXC to deliver services that drive new levels of performance, competitiveness, and customer experience across their entire IT fleet. Learn more about how we deliver excellence to our clients and colleagues at DXC.com.

About Beat Capital

Beat Capital Partners is a long-standing venture capital investor focused exclusively on the insurance industry, providing the right people and teams with seed funding, infrastructure, venture capital and highly rated paper, along with experienced guidance and support. Beat has launched ten businesses since its founding in 2017, which together will write estimated gross premiums of more than US$650 million by 2023 and operates Lloyd’s Syndicates 4242 and 1416. Backed by experienced insurance investors Bain Capital Credit, Elliott Management and Amwins, as well as their management team, Beat is committed to being the best possible partner for proven insurance talent. For more information, see the website www.beatcapital.com.

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Jonathan Davies, DXC Technology, Jonathan.davies@dxc.com

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