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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 supply digital portal capabilities to insurance coverage brokers in addition to MGAs.
It permits a personalised on-line buying journey for customers, accessible round the clock.
The platform presents a complete self-service possibility, 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 shopper expectations and operational pressures.
The addition of this platform can be anticipated to strengthen OGI’s present digital product portfolio.
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Initially, HUG HUB’s Digital Platform might 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 know-how business, I’ve at all times admired what OGI have constructed, and I consider that their acquisition of HUG HUB’s Digital Platform know-how continues their monitor document of delivering transformational change and innovation in insurtech.”
OGI’s Mobius, hosted on Microsoft Azure, is a complicated insurance coverage broking software program, which presents 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 aspect of the web buyer journey.
The platform offers prospects with the mandatory instruments to independently handle the total 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 know-how to their benefit.
Open GI Simon Badley CEO mentioned: “We’re additionally thrilled to be joined by a bunch 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 resolution 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 enhance self-sufficiency.”
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