Today CCS announced that Victor Deutschland successfully completed the implementation of Level X, the digital insurance platform of CCS, and launched its first cyber insurance product, CyberVlex, on the German market.
Victor, the Marsh and McLennan Companies-owned MGA, handles more than $1.5 billion in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers.
CyberVlex is the first cyber insurance product with 12 different, industry-specific conditions and premium rates. CyberVlex offers coverage for a wide range of industries, from lawyers to doctors and pharmacies, retailers, manufacturing companies, hotels and more. This way companies are fully and individually secured.
Level X is CCS’ digital insurance platform and consists of a combination of CCS back-office system Level, open insurance ecosystem Marketplace and smart mid-office Roundcube. Level X enables Victor Deutschland to orchestrate the end-to-end insurance value chain from process- and product management to the integration of partners and services.
“Level X has supported us in a record breaking time-to-market to launch the first cyber insurance product in Germany, followed by several new products in the coming months”, says Bernd Knof, General Manager at Victor Deutschland Marsh & McLennan Companies.
“Victor International is the first fast moving Insuretech MGA who is combining MGA knowledge and experience with new technology.”, says Richard Schoones, Industry Consultant at CCS.
“It is fantastic to see how a strong historic relationship between CCS and Victor Netherlands is growing to a European business partnership, supporting the strategy and ambitions of Victor as the world’s largest MGA.”, says Max Speur, CEO at CCS.
About Victor Insurance
Victor Insurance Holdings, formerly known as The Schinnerer Group, is the world’s largest managing general underwriter with locations in the US, Canada and Victor International in the UK, Netherlands, Germany, Italy and Australia. It handles more than $1.5 billion in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance coverage – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor Insurance is committed to building on 60-plus years of experience to develop products that address risk in new and evolving areas. For more information, visit www.victorinsurance.com.
CCS, founded in 1983, is a supplier of innovative IT solutions for the insurance industry. Thanks to the powerful combination of knowledge about the industry and experience in IT, CCS helps its customers to compete in the complex, demanding and constantly changing world of insurance. The portfolio of CCS consists of the back-office solution Level, smart mid-office solution Roundcube and the Marketplace integration platform that opens up an ecosystem of partners. CCS takes care of the entire implementation, conversion and hosting and provides additional services. For more information, visit www.ccs.nl/en/.