Total Systems plc (“Total”) are delighted  to announce the signature of an umbrella contract under which the first purchase order has been signed off with a value of £2.6M including licence fees of at least £1.05M payable over the minimum eight year term of the contract.  This order relates to phase 1 of the first development under this contract. Following signature Total’s customer, Capita Insurance Services (“Capita”), have gone live with Principle Insurance Holdings on Total’s customer-centric insurance platform, Ultima.  Capita has selected Ultima as their strategic platform for General Insurance, with speed of implementation being a significant factor in the decision making process.

Ultima has proved to be a reliable, efficient and flexible platform for many insurers’ businesses across a number of products and multiple distribution channels.

Terry Bourne, Chairman and CEO of Total said “this has been a fantastic project to be involved in.  Sharia-compliant insurance products are new to the UK market and the experience has resulted in our consultants being well versed in the nuances of Sharia-compliant systems.  It is testament to the flexibility of the platform that it can be adapted to meet such complex and challenging products and processes”