Africa’s largest short-term insurer, Santam, has announced a partnership with Alchemy Technology Services and Buckhill to launch a new Lloyd’s Policy Administration System (PAS). This innovative platform is designed to support Santam’s Syndicate 1918 and aims to streamline operations in the insurance space.
Impressively, the development of this platform was completed in under three months. The rapid launch showcases the collaboration between Buckhill’s C2MS® technology and Alchemy’s expertise in programme governance and ecosystem coordination. These elements combined enable a more efficient process for managing insurance policies.
Santam will benefit from Buckhill's cloud-based technology which is tailored for modern insurance operations. Alchemy brings their specialized skills in governance and integration to ensure everything runs smoothly. This strategic alliance highlights how different strengths can come together to achieve a common goal in the insurance industry.
This partnership is indicative of a broader trend where traditional insurers are leveraging technology and strategic alliances to enhance their capabilities. For Santam, this could mean improved service delivery and a more competitive edge in the market. The collaboration may also set a precedent for future initiatives among other insurers looking to innovate.
In conclusion, Santam’s new Lloyd’s PAS represents an important step in modernizing insurance processes in Africa, and it will be interesting to see how it influences the industry moving forward.
Original Source: https://fintech.global/2026/01/13/buckhill-powers-santams-rapid-lloyds-syndicate-launch/