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New P&C insurance solution provider OneWorld Instech established

Published 18 July 2018

Dovetail Insurance Services former CEO and president Stephen Francis has established a new P&C insurance solutions provider, OneWorld Instech.

Francis will lead the company as CEO, with co-founders Wendy Aarons-Corman as President Americas, Julian James as President EMEA, and Ethan Whitaker as Chief Innovation Officer.

Recognizing an industry need for a simpler way to innovate, implement and leverage advanced technologies like blockchain and IoT, the co-founding team formed OneWorld Instech to offer a core platform built as microservices, supporting core insurance processes and additional capabilities designed to address industry needs.

Commenting on the introduction of OneWorld Instech, Francis said: “I have known Wendy, Ethan, and Julian for a long time and have worked side-by-side with them all.  The OneWorld team of founders offers the ideal combination of skills, experience, dedication, and ethics needed to accomplish our company goals and our shared vision to continuously innovate to help the industry to stay on the forefront of technology and to maximize its business value.”

Strategy Meets Action partner Karen Furtado said: “As new products and services are introduced to the market, there arises a new need for systems that can handle the interaction and complexity of the new technologies being utilized.  OneWorld Instech's offering is focused on some of the key areas utilizing microservices and interacting in blockchain experiences.”

Aarons-Corman said: “With the advent of microservices we saw an opportunity to better arm the industry with solutions that looked to and supported the future of insurance. With our solutions built on a microservices architecture, we are able to both quickly deploy and evolve the solutions to deliver new capabilities and take advantage of the latest technologies as they become available.”

James said: “While OneWorld Instech and our offerings are able to support all lines of P&C business, our initial target market is companies with global specialty lines of business including Cyber and A&H, and those that need multi-language and multi-currency support.  The target market was determined in large part due to the complexity of the business and the critical need for innovation and technologies such as blockchain and IoT.”

Source: Company Press Release