Xchanging, the UK business processing services company, signed a 3-year, GBP7.5 million investment program and a partnership with Microsoft, in the continuing development of Genius, a general insurance business processing solution.
“Genius is already used by 70 companies in 30 countries,” said David Andrews, CEO of Xchanging. “We are taking what is already recognised as a world-class solution, extending functionality, partnering with Microsoft and modernizing the technology to make Genius the best global straight-through processing answer for the general insurance sector.”
Xchanging will deploy Genius on a Microsoft.NET platform, making it adaptable to a wider community of insurance users.
“This is a fantastic commitment by Xchanging to Microsoft’s technologies,” said Gordon Ejsmond-Frey, EMEA insurance industry manager at Microsoft. “By combining Xchanging’s deep expertise in the insurance industry with Microsoft’s proven technologies, we can offer insurers flexible, open solutions for all of their processing needs, allowing them to grow their business and meet regulatory requirements.”