AMI buys US insurance package

IAG Group is set to roll out a new insurance vertical market package at its subsidiary AMI

Insurance company IAG Group will roll out a new insurance vertical market package at its subsidiary AMI in the latter half of the year.

US-made software package Exigen Suite will replace the existing 25-year-old insurance package that is based on Unisys technology, says IAG CIO Kevin Angland.

“It’s the first use of Exigen in New Zealand,” he says. “There is one site in Australia.”

AMI had decided to purchase Exigen prior to the Christchurch earthquakes but the roll out had been consequently delayed. IAG bought AMI in April last year after AMI faced massive payouts following the earthquakes.

Queried as to Exigen’s price tag, Angland would say only that the new system cost in the millions of dollars.

More than 100 of IAG’s 330 IT staff are working on the integration of the new product, along with a sister company of Exigen, which is doing some of the implementation work.

“The major configuration is being done offshore,” Angland says.

IAG is also undertaking some broader integration work.

“We had four datacentres but we’re consolidating them to two, and we’re also consolidating the network,” Angland says.

Datacom has been chosen for both the datacentres – one at its Orbit data centre in Auckland and the other the new datacentre at Kapua in Hamilton.

“We’ll be doing some rationalisation,” Angland says.

IAG uses all three major telcos. Angland says IAG’s approach is to look within the incumbent providers and take the best from each.

The IAG Group, which includes State Insurance and NZI, is the largest insurer in New Zealand.

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