7th June 2015

Slipcase secures around £1m in software investment
Trend

Slipcase, the central news and thought leadership platform for the global commercial (re)insurance industry has announced it has received nearly £1m in software investment from one of the UK’s top software houses putitout. putitout, who develop web platforms and apps for Virgin media, Boeing and the BBC will focus on a re-architect and design for the Slipcase web platform and will develop stand-alone apps for Apple & Android devices by the end of the year.
A recent report has found that 62% of insurance executives believe the unique capabilities of mobile technology have the potential to change the insurance business, and that 2015 is the year to do it.(Re)insurance industry leaders who have been vocal champions of external investment into the industry have welcomed the news. Steve Hearn, chairman of LMG and deputy ceo of Willis Group, comments "Technology plays such an important role in our market and increasingly so as we modernise our processes and become more efficient. I’m very pleased to see external technology providers investing in our sector in a way that can support innovation and improve the way we communicate, share expertise and consequently provide even better service for our clients."
The new Slipcase software investment will involve:
-An upgraded desktop site, refined for optimised user experience and maximum impact for client pages.
-A dedicated & state of the art app for Apple & Android devices, enabling user access at all times.
-Back-end support & continuous development–ensuring the continuous improvement of the product.
Charlie Cadbury, ceo of Putitout, said “We have been interested in the (re)insurance industry for a number of years as an exciting and progressive environment for technological advancement. Slipcase has stood out for us as a platform to satisfy a growing opportunity to deliver excellent expert content to industry professionals."
Launched in the London Market in May 2012, the platform's subscriber base now spans 72 countries with particular growth in the US, Bermuda, Singapore and wider Europe. Slipcase continues to grow its user base of exclusively (re)insurance professionals, individuals representing 540 organisations.
Alex Hearn, founder and director of Slipcase.com added
“The initial concept has evolved into a widely used and central content platform for the commercial & specialty areas of the global (re)insurance industry and we recognise the need to be more mobile. We now host pages for many of the leading organisations and publications in the industry and by enabling them to distribute their latest news and thought leadership content directly to relevant communities inside the industry, Slipcase has proven itself as an invaluable marketing resource. Upgrading our platform and adding fully mobile capabilities will enable us to continue to evolve and progress, offering users and client pages an excellent service.”
Insurance Newslink comments: "We congratulate Slipcase on securing software development investment. We feel Slipcase is complementary to our 22-year online trend "self search" and reporting service across over 45,000 linked strategic business and IT articles, covering all insurance markets worldwide."