Cirrus facilitates business growth for African insurers

By Patrick Ashton, CEO of Cirrus, a subsidiary of the SilverBridge Group

Cirrus, a subsidiary of the SilverBridge Group, says its Exergy managed services offering gives insurers across Africa the means to cost-effectively and timeously grow their business through a customisable and functionally rich solution.

Exergy is a policy administration platform handling life, group schemes, and pension insurance. It is modelled to best insurance practices, enabling companies to improve business efficiencies and ensure accurate regulatory and compliance reporting.

Using Microsoft Azure as its preferred environment for cloud hosting, Exergy can be managed from anywhere in the world and customised to the specific requirements of an insurer. The benefits of such a hosted solution include not having to wait for physical hardware to arrive at a remote office or to fly technicians across the continent to perform an installation.

However, hosting through a software-as-a-service offering is just one part of the Exergy environment. Cirrus can assist an insurer to optimally manage its databases and facilitate the provision of related services to enhance business processes.

These services are ideally suited to a partnership-led model in which Cirrus works closely with an insurer to identify its specific requirements from a hosted solution. For customers, this means having the option to outsource their policy administration in an affordable way so they can focus on their specialised skills in product development and channel management.

Through its managed services offerings, Cirrus empowers African insurers to explore opportunities to expand further into the continent and diversify their client base. To date, the Exergy offering has been operating for more than 20 years and extends to 31 implementations across 12 African countries including Angola, Botswana, Kenya, Malawi, Mauritius, and Ghana.

About SilverBridge

SilverBridge has over 20 years’ experience as a leading provider of insurance software solutions in the African financial services industry. Our footprint extends to 12 African countries. SilverBridge has introduced an enhanced service offering allowing financial services companies the opportunity to respond quickly to changing markets. With more than 30 customers throughout Africa, SilverBridge has the knowledge, experience, and technology to help its clients do better business.