As the Solvency II Directive continues to dominate the agenda for many UK financial services companies JMR UK and Magellan are collaborating to provide a complete solution.
‘We have extensive experience in the financial services sector, working on mission critical IT projects, and have a strong track record of delivering on time and in budget. Working with Magellan we can implement changes needed by the Solvency II Directive at the IT level to ensure insurance companies meet the necessary requirements on time,’ says Kali Bagary, Managing Director of JMR UK Consulting.
Solvency II sets out new strengthened EU-wide requirements on capital adequacy and risk management for insurers that aims to increase policyholder protection, and the impact will have an effect on companies at many different levels. The partnership of the two companies will ensure the re-use and implementation of best practice across the firms to deliver the desired results.
Kesh Sharma, Managing Director of Magellan says ‘Solvency II is not just a compliance issue and is something that everybody has to do. We recognized the need to be able to offer a complete solution and have teamed up with JMR UK as they have an in-depth technical knowledge and strong IT delivery capabilities.
The joint proposition to deliver Solvency II services is based on combining the benefits of lower rates, with externally audited programme of governance that delivers at every level to help companies meet Solvency II requirements. ‘For companies needing to take action now to comply with the Solvency II Directive, due to be implemented in 1st November 2012, we are able to offer a cohesive solution to meet their needs. We are looking forward to building a strong and strategic partnership with Magellan,’ concludes Bagary.
Magellan has extensive experience of running large scale multi-million projects, with significant insurance and banking experience, as well as dealing with smaller scale implementations in a variety of sectors. The team, originating from the top four consultancies, delivers significant change through a collaborative approach to project delivery that has already delivered in excess of £30M of savings for clients. You can find out more at http://www.magellancs.com/Consulting/Support_Services.htm or contacting Managing Director Kesh Sharma on 020 7790 0242
About JMR Consulting UK
JMR Consulting UK Ltd was established in 2007 and is based in Amersham, near London. JMR UK is a leading provider of IT services and solutions that helps organizations to significantly reduce their costs, whilst improving performance and delivering maximum return on investment. The company offers a range of services, across the full systems development and implementation lifecycle – scoping, analysis, design, development, testing, implementation and project management. Their service delivery and operating models, combined with IT expertise and range of solutions, enable them to deliver high quality results on time, every time.
The company has a 15-year proven track record of delivering successful solutions, on a fixed-time and fixed-price basis, across diverse technologies in the financial services sector. JMR UK has extensive expertise and experience in delivering successful large scale IT projects in the insurance sector on a global scale.
For more information visit us at: http://www.jmruk.com
JMR Consulting UK Ltd
11a Chenies Parade, Chalfont Station Road, Amersham,
Buckinghamshire HP7 9PH, United Kingdom
Phone: +44 (0) 845 052 0900
We have extensive expertise and experience in successful large scale IT projects on a global scale in the financial services sector and are happy to answer any media-related questions.
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