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Insurance coverage software program supplier Open GI (OGI) has acquired the Digital Platform from UK-based insurtech firm HUG HUB.
HUG HUB’s Digital Platform is designed to offer digital portal capabilities to insurance coverage brokers in addition to MGAs.
It allows a personalised on-line buying journey for customers, out there round the clock.
The platform provides a complete self-service choice, permitting prospects to cite, purchase and handle their insurance coverage merchandise independently.
The Digital Platform aligns with OGI’s dedication to supporting digital transformation amid evolving client expectations and operational pressures.
The addition of this platform can be anticipated to strengthen OGI’s current digital product portfolio.
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Initially, HUG HUB’s Digital Platform shall be included into OGI’s Mobius platform, with plans to increase its availability throughout different OGI platforms together with Core and V.
HUG HUB CEO Jonathan Davey added: “Having spent over 35 years within the insurance coverage and expertise business, I’ve all the time admired what OGI have constructed, and I consider that their acquisition of HUG HUB’s Digital Platform expertise continues their monitor file of delivering transformational change and innovation in insurtech.”
OGI’s Mobius, hosted on Microsoft Azure, is a sophisticated insurance coverage broking software program, which provides configurability, safety and customisation. It’s designed to simplify insurance coverage broking administration.
As well as, Mobius goals to save lots of time and streamline operations, whereas additionally catering to each side of the web buyer journey.
The platform offers prospects with the mandatory instruments to independently handle the complete insurance coverage life cycle.
With the acquisition of HUG HUB’s Digital Platform, OGI plans to make sure that all prospects can leverage the newest digital expertise to their benefit.
Open GI Simon Badley CEO mentioned: “We’re additionally thrilled to be joined by a gaggle of HUG HUB’s Digital Platform specialists as we begin to combine the answer into our platform portfolio.
“The addition of the HUG HUB’s answer will certainly prolong Mobius’s digital functionality, in addition to our different broking platforms. This newest innovation will assist our brokers remodel their digital interplay with their prospects and improve self-sufficiency.”
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