Financial services technology provider Lanware has been appointed as the sole provider of outsourced technology services for the UK and Ireland business of Mitsui Sumitomo Insurance at Lloyd’s (MSIG).
The four-year contract follows a benchmarking exercise by an independent research organisation, and reflects Lanware’s previous support of the firm, and its services specifically designed to support MSIG’s business plan.
The services are designed to support service levels, flexibility, reporting and oversight, and to manage risk and regulatory compliance, allowing MSIIG to focus on its core business.
Lanware will also work on the next generation of outsourced infrastructure, with a focus on cost optimisation, and take over functions including infrastructure, networks and disaster recovery. It will treat cyber security as a priority, taking a pro-active approach to security systems.
Managing director of Lanware Henry Duncombe said: “Lanware has been delivering services to MSIG for more than ten years and the relationship has transformed from Lanware initially providing network support into a comprehensive technology partnership.”
“This contract represents a new era for Lanware where it has drawn on all its experience to date within financial services, working collaboratively with MSIG to push the boundaries and create a leading edge and industry focused service which is unique within the Lloyd’s market place.”
Richard Williams, chief information officer at MSIG at Lloyd’s, added: “We are thrilled to be setting off on a long term relationship with Lanware, a vendor who understands our needs and the unique security and business requirements of financial services.”
“Over the years we have grown together and this approach has ensured that we have developed our businesses to our mutual benefit.”
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