Re Contract
Focus Solutions Group PLC
11 August 2005
12 August 2005
Focus Solutions Group plc ("Focus" or "the Group")
Focus breaks into the General Insurance market, announcing first customer -
Assurant Solutions
Focus, a leading provider of customer management solutions to the retail
financial services market, has announced today a new contract with Assurant
Solutions, part of Assurant Inc.
The three-year contract is worth just over £250,000 and is for the first phase
development of a Point of Sale (POS) solution to support the sale of regulated
General Insurance products. The new solution will be deployed through existing
client relationships, all of which are directly authorised by the Financial
Services Authority (FSA).
Focus has expanded its coverage into a new vertical market, with Assurant
Solutions as its first customer within the UK General Insurance market. The
FSA started regulating this market in January 2005, increasing the need for
intermediaries to improve the efficiency and compliance of their sales process.
This new solution will deliver a single electronic application that will help
intermediaries to sell a compliant suite of products in the most efficient way.
John Streets, CEO, Focus Solutions Group plc added:
"This contract with Assurant Solutions is particularly significant for the Group
in moving our technology and MCA (Multi-Channel Advice) solutions into new
market areas. The General Insurance market offers significant revenue potential
for us and Focus is ideally placed to take advantage of this opportunity due to
our knowledge and experience gained in the Life, Pensions and Mortgage markets.
Our reputation and track record in these markets was a key factor in the
decision process and our technology radically simplifies the sales process."
-ends-
Enquiries:
Focus Solutions Group plc
01926 468300
John Streets - Chief Executive
Martin Clements - Finance Director
Seymour Pierce Limited
0207 107 8000
Mark Percy
Notes to editors:
About Focus Solutions Group plc
Focus is a leading provider of customer management solutions for the retail
financial services industry. Focus' MCA (Multi-Channel Advice) approach, powered
by goal:technology, delivers the life, pensions, mortgage and general insurance
market with a single solution to enable effective electronic trading across
multiple distribution channels, online or offline, achieving straight through
electronic trading at a much reduced cost to the financial services industry.
Focus has a blue chip customer base of financial services organisations
including Abbey for Intermediaries, Assurant, Barclays Bank PLC, Capital Home
Loans Ltd, Kensington Mortgages, Legal & General, Mortgages plc, Norwich Union,
Paymentshield, Prudential, Scottish Equitable, Scottish Widows, Skandia UK
Group, Standard Life, Winterthur and Zurich, as well as industry portals,
including Assureweb, The Exchange, IFAengine, Trigold and Webline.
For further information on Focus, please visit www.focus-solutions.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange