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BAIS insurance technology backs growth plans with new CTO

BAIS insurance technology has backed its ambitious growth plans with the appointment of David Farrer as Chief Technology Officer. David will develop the technology roadmap for the Group to ensure it meets the evolving needs of the insurance industry.

The company undertook an internal and external search to find the right person to help drive its technology solutions forward. David Farrer has a strong technical background with over 30 years’ experience in multi-value databases gained from a variety of different roles including software consultancy, business analyst and data processing manager. He has also been a member of the BAIS team for eight years. The all-Australian based team boasts an average tenure in excess of ten years.

BAIS continues to invest heavily in its technology solutions, including its flagship insurance system, iBAIS, having already invested AU$40m in developing and expanding its offerings.

Jim Armstrong, Managing Director BAIS, said, “It’s very difficult to find outstanding people who have both excellent technology and insurance knowledge. David has both. The depth and breadth of his experience put him above the other candidates, as we look to extend our reach into new products and territories. I’m thrilled that we have been able to find someone who is already part of the BAIS family.”

Recently appointed General Manager BAIS, David Hampton, added, “BAIS has been busy positioning the business for growth and innovation. The events of 2020 have highlighted the demand for new insurance products and ways of managing risk. The market is littered with large technology projects that have failed to deliver. Having David in the role of Chief Technology Officer will further ensure the insurance technology solutions we develop make it easier for customers to make their objectives happen smoothly and efficiently.”

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