SCG announced the expansion of its strategic alliance with Aggregate8 to transform insurance distribution and technology services for the Caribbean insurance market.
– Agreement expected to rollout Aggreate8 across the whole Caribbean market by 2024.
– SCG implementation and solutions teams will help deliver new managed services supported by the Aggregate8 platform to help insurance companies increase digital distribution and be more productive.
– New products and solutions will save Caribbean insurers, brokers and agencies millions of dollars annually in technology duplication and back-office processes and enhance their digital customer offering.
– Alliance will look to boost investment, skills and innovation in the Caribbean in insurance sector creating new high-tech jobs and productivity growth
Barbados, Oct. 5, 2022
The SCG organization today announced a significant expansion of the organization’s strategic relationship with Aggregate8 to help insurance companies be more agile and productive in an era of rapid change. With the pace of investment increasing, SCG Caribbean and Aggregate8 are expanding their relationship to better meet the needs of customers. Both will invest in and develop new offerings aimed at streamlining complex enterprise operations, with a strong focus on addressing emerging challenges of increase digital customer demands and growing complexity and compliance requirements in the insurance sector. The expanded alliance is expected to increase investment in insurance technology (insurtech) in the Caribbean with both companies investing in innovation, technology skills and service delivery.
Robbie Burns, SCG CEO, says:
“As the pace of change in the digital customer grows and insurance providers, brokers and agencies fight to adopt, this partnership with SCG and Aggregate8 will save insurers, brokers and agencies millions of dollars in investment costs in digital technologies over the coming years by providing best-in-class connectivity between companies and digital sales and distribution channels out-of-the box. This not only will slash investment costs and technology duplication, but will also slash the time of brining new products, schemes and services to the market accelerating the Caribbean’s insurance transformation in the digital age.
