27 April 2016 Insurance

Charles Taylor launches business to target £90bn global tech market

Charles Taylor, an insurance technology business, has launched Charles Taylor InsureTech, to target the £90 billion ($131.1 billion) global insurance technology market.

The new business brings together more than 200 specialist insurance technology staff to deliver business transformation, solutions, analysis, systems development, implementation and support to clients in the global insurance market.

Charles Taylor has made a significant investment in building Charles Taylor InsureTech. Jason Sahota joined from KPMG in 2015 to lead the business and recruited a senior leadership team from technology providers, insurers and professional services insurance specialists.

The team is as follows: Tom Maleczek, chief technology officer, former employee of KPMG and Accenture; Kieran Maloney, IT services director, who has been at Charles Taylor for ten years; Carlos Romeu, implementation and solutions director, the previous head of strategy and change for Atos; and Tom Whipp, chief information security officer, who has more than a decade’s experience in information security.

The team also includes: Sharmila Thayer, application and product development director, who has worked at Logica, HSBC, Aon and AXA; Tony Russell, sales director, a global software market veteran with over 30 years’ experience; Kevin Osborn, director, who joined Charles Taylor when it acquired KnowledgeCenter in 2013; and Stephen Card, director of insurance support services, an employee with Charles Taylor since 2010.

The launch follows Charles Taylor’s strategic investment in Fadata, a specialist provider of software solutions to the global insurance industry and its acquisition of KnowledgeCenter.

Sahota said: “The global insurance technology market is growing rapidly with increasing demand from insurers to replace legacy systems, bring new products to market quickly and capitalise on the potential of big data and analytics.

“Technology is giving the insurance market new ways of doing business. The winners will harness technology to be more efficient and agile, make better decisions and deliver better services. We have launched Charles Taylor InsureTech to help insurers, brokers and insurance clients meet today’s challenges and provide technology-enabled solutions that deliver high impact business results for our clients.”

Sahota continued: “Our understanding of insurers’ needs, coupled with our knowledge of the regulatory environment in which they work, means we can de-risk the change journey for our clients.  We follow a step by step process to help our clients achieve their goals as smoothly as possible.”

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