The Masawara Group of insurance companies has entered a partnership to deploy SSP Pure Insurance across Botswana Insurance Company Limited, Lion Insurance Company Limited and Zimnat Lion Insurance Company Limited in multiple African territories.
The flexible, an end-to-end core insurance system which is now live, provides Masawara with the necessary full- cycle policy administration, finance, claims, reinsurance and MI/BI reporting capabilities to drive growth.
Adrian Coupland, Customer and Marketing Managing Director at SSP said the three insurance companies on the SSP Insurance market-leading platform can benefit from a consolidated solution with best practice configuration and proactive support from the experienced team in the SSP South African office.
The enterprise solution will also provide Masawara with a web-based employee portal and a broker portal, making it easier for brokers to do business with the three insurers through online e-trading.
“SSP Pure Insurance gives us a future-proof enterprise solution with the capability and flexibility for us to be self-sufficient, as well as centralized reporting and intelligence for the data across all three insurers,” said Mustafa Sachak, Chief Executive Officer at Masawara Insurance Group.
Masawara becomes the third African insurer to leverage SSP Insurance in growth targets in the recent past after Kenya’s Resolution Insurance deployed the system in June 2017 and FBC Insurance in Zimbabwe in July 2017.