As part of the initial 10-year agreement, Software Solutions Partners (SSP) has acquired the European distribution rights to market and develop Koukia’s general insurance offering.
Koukia is a subsidiary of Wesfarmers, one of Australia’s largest public companies. Members of Koukia’s development team originally developed Polisy, the world’s first online, real-time general insurance application, and Insure/90, the market-leading general insurance system of the 1980s and 1990s.
SSP, meanwhile, has an established reputation for bringing newly acquired software products to market and will develop and enhance the system further for the UK and European markets. The system, which will become part of the SSP insure product family, will be marketed as SSP insure J across Europe.
SSP insure J is a component-based general administration system that consists of several independent pure J2EE open standard packaged components. These include customer management, policy administration, claims management, and reinsurance. The system is used by Wesfarmers’ insurance division in Australia.