|Solution applies Unisys Business Blueprinting(tm) methodology for agile, intelligent policy administration|
Unisys Corporation (NYSE: UIS) announced today that it has won an engagement from the Netherlands-based ING Group to design, develop and deploy an innovative solution for ING's property and casualty business that will improve policy administration and related operations and maximize cost efficiencies.
"By partnering with Unisys, we can define a common business and technology architecture for our property and casualty product lines that will help us lower costs, mitigate risks and approach new and existing markets in a more competitive way," said Age Miedema, ING's chief operations officer for European insurance operations. "As a result, we expect to move current and prospective products to market with considerably greater speed, while continuing to provide better service to our customers and distribution partners."
The new solution will support four ING retail product lines in its European insurance business: personal motor, liability, fire and travel. The engagement includes a license for the Unisys property and casualty blueprint, one of a family of solutions launched in June. These solutions, known as Unisys Business Blueprinting, are part of a comprehensive consulting, development and delivery strategy that builds models linking business processes to the software and systems that support them. By modeling common business and technology processes, Unisys will help ING identify pertinent patterns and trends that will leverage assets and enhance ING's ability to make more strategic decisions that can be deployed across multiple product lines, thereby improving operational and cost efficiencies. Unisys will develop and deliver this new solution by integrating it into ING's own financial services architecture.
Builds on Success of Life and Pension Engagement
This new property and casualty engagement builds on the success of an existing relationship between Unisys and ING on a similar life and pensions project. The new property and casualty solution reuses some existing processes and components of this earlier Unisys engagement, thereby leveraging previous investments from both ING and Unisys.
"Our success with ING validates the 'reuse' concept and standardization approach that are integral to the Unisys Business Blueprinting strategy," said Marc Zimmerman, Unisys vice president and managing partner of its global insurance practice. "We are pleased to once again partner with such a world-class financial institution in the development of an innovative solution for the insurance industry."
"ING's high profile commitment to cost reduction via operations transformation marks it out as a leader among European insurers," said Adam Hill, lead analyst for financial services technology at Datamonitor. "By leveraging Unisys Business Blueprinting, ING is achieving a higher level of technology homogeneity in the back office, while addressing the requirement for end-to-end process transformation and more flexible implementation. And, by winning a follow-on contract for a second line of business for a leading tier-one institution, Unisys has confirmed that it will be a major player in the financial services business transformation space going forward."
Unisys Business Blueprinting gives clients the ability to visualize how strategic changes would affect not only the technology infrastructure, but also the business itself. This allows companies to operate with the agility necessary to rapidly assemble new business structures-new in terms of people, processes, and technology-to prepare for shifts in the market, shifts in the organization, or shifts in technology. Unisys is applying this approach to high-volume, business-critical systems in the industries it serves such as insurance and banking.
About ING Group
ING Group is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in 60 countries. With a diverse workforce of over 115,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand. For more information, visit www.ing.com.
Unisys is a worldwide information technology services and solutions company. Our people combine expertise in systems integration, outsourcing, infrastructure, server technology and consulting with precision thinking and relentless execution to help clients, in more than 100 countries, quickly and efficiently achieve competitive advantage. For more information, visit www.unisys.com.
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