UK’s largest general insurer selects Neovia as standard across brands
Notching up a significant new client gain, payments solutions
specialist Neovia has been selected by RSA Group, the UK’s largest
general insurer, as the standard to process payments for all its
brands.
As an initial step, Isle of Man-based Neovia
will begin processing online and telephone card payments for More
Th>n, RSA’s flagship brand boasting 2.6 million policyholders
and offering products such as home, motor, pet and travel
insurance. Processing will cover one-off and scheduled premium
payments and run on Neovia’s NETBANX platform.
Gaining RSA as a client is an important
example of Neovia’s success in its strategy of targeting larger,
more complex merchants with demanding requirements for payment
processing services, a spokesman for Neovia, Nick Daines, told EPI.
He added that multiple data centres operated by Neovia were a key
reason for this win.
Commenting on Neovia’s selection More
Th>n’s MD Mark Christer said: “Neovia was able to offer a
flexible payment system that gives us options for future
development, coupled with the security of multiple data centres and
thorough business continuity plans, with the stability from an
enterprise-class payment solutions provider.”
Once More Th>n has gone live it is
anticipated that RSA will gradually roll out the Neovia solution
across its multiple UK brands over the next few months. Success in
the UK also opens up the potential for Neovia to expand its
services to RSA’s international operations in countries including
Canada, Denmark, Ireland, Italy and Sweden.
In 2008 RSA reported total premium income of
£2.71 billion ($4.3 billion) in the UK and a further £2.74 billion
in foreign markets. RSA has over 20 million customers
worldwide.