Quindell beats stiff competition to bag insurance contract

Quindell Portfolio, the software services focused on the insurance and telecommunications sectors, has bagged a new five year contract with one of the world's leading risk managers.

The identity of the customer has not been revealed, and neither has the value of the contract, but Quindell did say that the contract will see it provide its Challenger ICE Claims solution, supported by the Challenger ICE Track data analytics and business intelligence platform.

"Our recent announcements have been focused on the motor claims market place due to the significant regulatory change occurring in the industry and the substantial opportunity that is presented to us," noted Rob Terry, Chairman and Group Executive of Quindell.

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"As we move into 2013, we are confident of announcing further deals which demonstrate our ability in property claims, both from a technology and an outsourcing perspective," he added.

JH