Electra was acquired by Gresham Technologies, the leading software and services company specialising in solutions for data integrity and control, banking integration, payments and cash management, in June 2021.
Dominated by poor data and matching results, inefficient processes, and lagging innovation, the paper-intensive insurance industry is ripe for digital transformation.
Insurance companies and their brokers must be able to work efficiently in environments with multiple market participants, contracts and products. Data complexity and poor matching results are key challenges, with information derived from different sources and feeds in a variety of formats. It is essential to maintain control over data, connect easily to venues across the insurance ecosystem, and streamline workflows.
We help life/general insurers and insurance brokers who are on the vanguard of this much needed shift to digitalisation. Our data and format agnostic controls combined with powerful, comprehensive matching capabilities empower insurers and brokers to improve match rates, drive down manual efforts and costs, and scale to growth and high volumes during peak periods.
It is not unusual for insurers and brokers to have different rules for each policy or insurer, requiring the ability to handle non-standardised data and onboard new controls quickly. We’re experts in collecting and transforming data from multiple feeds and systems in any shape, size or format.
We make onboarding new controls simple and adaptable to any changes in commercial agreements or commission rates. We also take care of your connectivity requirements, including managing frequent changes and updates.
We help you focus on what you do best by: