AMA Insurance goes live with Quindell's technology

17 December 2013

Quindell Plc 

AMA Insurance goes live with Quindell's technology

Quindell Plc, (AIM:QPP.L) the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being insurance, telecommunications and their related sectors, is pleased to announce that AMA Insurance has gone live with Quindell's market leading statistical reporting solution, regul8™.

regul8™ is the top statistical reporting solution in Canada for the insurance market. Numerous insurance carriers, representing approximately 20% of the Canadian market, and over C$5.1 billion dollars in direct written premiums, use regul8™ to complete IBC, GAA and Risk Sharing pool reporting. Three additional insurers, representing over C$2.4 billion in direct written premiums and over 4% of the market are also working with Quindell undertaking evaluation studies to determine their best course of action to address their statistical reporting needs.

Quindell's regul8™ technology simplifies and streamlines regulatory statistical reporting, and has been chosen by AMA Insurance in light of General Insurance Statistical Agency (GISA) policy and claims data reporting changes. As a member of the Insurance Bureau of Canada (IBC) AMA Insurance is required to adhere to GISA's reporting policies and has chosen Quindell's offering rather than building the process in-house.

Quindell's technology allows control over the reporting process, simplifying and streamlining the process. AMA Insurance provides a broad range of insurance products and services covering home, auto, commercial and farm.

Bob Hillman, VP Insurance Finance at AMA Insurance said: "regul8™ has a reputation for delivering accurate, timely data to the IBC." He added, "The implementation went smoothly, and was completed on time and on-budget."

Tim Scurry, Chief Executive, Quindell Solutions North America and International, commented: "regul8™ is proven in the market to deliver as promised, when promised. I trust this is just the beginning of a strong, long term relationship with Quindell and AMA Insurance."

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About Quindell Plc

Quindell Plc is a provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets being insurance, telecommunications and their related sectors. Quindell entered the second half of 2013 with a run rate of gross sales of more than £400 million and with over £80 million of EBITDA earned in the first three quarters of 2013. Our award winning business transformational, software, consultancy and outsourcing solutions are recognised as delivering significant savings and additional sales to our customers every year. For further information, please visit www.quindell.com

About AMA Insurance

AMA Insurance is a direct property and casualty writer, underwritten by the Alberta Motor Association Insurance Company, with in-house claims and legal departments. Whether it is in the sales and promotion of products or handling a claim, our clients are our first priority.AMA Insurance is a wholly owned subsidiary of the Alberta Motor Association (AMA). The Alberta Motor Association is one of the largest membership organizations in Alberta, representing more than 964,000 members. As a leading advocate for traffic safety, travel and consumer protection, crime prevention, and the environment, AMA represents the interests of its members and the motoring public to industry and all levels of government. Visit ama.ab.ca to learn more about AMA's products, services and member advocacy initiatives.