SilverBridge is a technology solutions provider focused on the digital transformation of the long-term insurance and pension fund administration industries. Its core mission is to empower clients for a digital world by providing world-class technology solutions that modernize and digitalize their businesses. SilverBridge aims to improve its clients’ business processes through modernization, digitalization, and intelligent automation. The company’s goals include enabling clients to respond effectively to changing market dynamics and to do better business through their knowledge, experience, and technology capabilities.
SilverBridge has established a reputation for enhancing the value offerings of its partners, allowing them to react swiftly to market shifts. Clients have praised the company for its ability to facilitate growth across the African continent and for providing a competitive advantage through rapid implementation of its solutions. The company is also recognized for its innovative technologies that enable the automation of key business processes for its clients.
Offerings, Capabilities, and Integrations
SilverBridge provides world-class technology solutions to the long-term insurance and pension fund administration industries. SilverBridge’s approach centers on digital transformation to enhance various business areas for its clients. The company’s experience and expertise enable its clients to position their businesses for a digital world. SilverBridge offers a digital suite of products aimed at modernizing core insurance systems for clients. This allows them to capitalize on opportunities presented by emerging technologies. Recently, SilverBridge expanded its value proposition to include artificial intelligence, aiming to deliver more innovation and increase its relevance to the broader financial services industry.
Products and Services
SilverBridge offers a range of digital solutions for the financial services industry.
- Exergy: This is an end-to-end, cloud-based policy administration solution that enables insurers to modernize their core insurance systems. Exergy provides a single platform for administering Life, Group Cover Schemes, EB, and Pensions.
- Smart Underwriting: This solution provides insurers with intelligent automation of the insurance underwriting process. It securely integrates internal and external data to enable automated decisions.
- Smart Claims: This solution includes an internal and external risk score and intelligent decision-making, which facilitates the straight-through processing of insurance claims.
- Intelligent Process Automation: SilverBridge utilizes an automation toolset to assist knowledge workers by eliminating repetitive, replicable, and routine tasks.
- TOM (Technology of Mind): This is a proprietary Artificial Intelligence technology that virtualizes and scales human intelligence by replicating expert decision-making into Virtual Experts. TOM allows business users to develop these Virtual Experts through an intuitive interface.
Target Customers
SilverBridge’s target customers are primarily in the financial services sector, with a specific focus on the insurance industry. The company provides solutions for both individual and corporate long-term insurance and pension fund administration industries. SilverBridge has served more than 60 financial services and banking enterprises across Africa. Its client base includes insurers and banks that are looking to modernize their legacy applications, digitalize manual processes, and implement intelligent automation to achieve scale and speed. These clients benefit from SilverBridge’s highly experienced and skilled team in the insurance technology solution space. The company’s cloud solutions enable clients to embrace new technologies and position their businesses for the digital world.
Cloud Integrations and Marketplaces
SilverBridge’s core product, the Exergy policy administration system, is a cloud-based solution that leverages Microsoft Azure. The company has a strong partnership with Microsoft, and its solutions for the financial services industry are built on the Microsoft Azure cloud platform. SilverBridge’s Exergy is also a Microsoft Prioritized Co-Sell Ready solution.
There is no indication that SilverBridge has a presence on the AWS Marketplace or the Google Cloud Marketplace.
Key People
The leadership of SilverBridge includes executives with extensive experience in the technology and insurance sectors. The team is composed of individuals who guide the company’s strategic direction and operational management.
- Group CEO: Lee Kuyper
- Managing Director – Insurance Brands: Annalie Terblanche
- Chief Financial Officer: Jaco Swanepoel
- Chief Operating Officer: JC Oberholzer
- Executive: Kelly Preston
- Executive: Stuart Blyth
Key Facts
- Headquarters: Pretoria, South Africa
- Number of Employees: 107
- Annual Revenue: R96.48 million
- Parent Company: Alula Technologies
- Subsidiary Companies: None
- Publicly Listed: No
Analyst Recognition
There is no information available from Gartner, Forrester, IDC, or Everest Group that includes SilverBridge in their technology category analyses.
