Zurich Insurance Group has agreed to implement Accenture’s core IT system for its new business in Colombia, part of the insurer’s expansion plan in Latin America.

Zurich installed the new system, based on TIA Technology's core insurance platform, to support all of its P&C and personal line underwriting, policy admin and claims management needs. To expedite the implementation process, Accenture installed the new software primarily using its local facilities in both Brazil and Colombia, and integrated the system with Zurich’s regional IT systems, the company said.

“Entering into the Colombian insurance market is an important component of Zurich’s expansion strategy into Latin America,” said Victoria Bejarano, CEO of Zurich’s Colombia operations, in a statement. “Accenture has been a great partner in helping us implement this strategy, delivering results on time and in full compliance with regulatory demands, so that we can quickly meet the needs of local insurance consumers.”

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