21 December 2005
MUSCAT -- 3i Infotech a global leader in information technology solutions for insurance, ERP, banking, e-commerce and retail industries, has signed two new customers from the insurance sector in Oman.
Premia, 3i Infotech's enterprise business software catering to the specific needs of the insurance industry, is used by leading insurance companies who cumulatively write more than 55 per cent of the premium in the region, the company said in a press statement.
"Successfully achieving this consistent level of growth in the Omani market is a good indicator of our understanding of the specific needs of this market," says Kalpesh Desai, Chief Operating Officer, Europe Middle East & Africa of 3i Infotech. "Premia, boasts highly flexible and scalable features, catering to the diverse and sophisticated needs of the regional insurance industry."
Recognising the efficiency, effectiveness and adaptability of the Premia solution, Falcon Insurance is the latest company in the General Insurance sector to choose this solution. With a specialisation in providing risk management, Falcon required an enterprise business solution that could meet & exceed the diverse and unique needs of its clientele both now and into the future.
Premia will enable Falcon Insurance to integrate seamlessly, the functions of quotations, Policy issuance, Claims processing, Reinsurance and Accounting so that customer needs are met in the most standardised and complete manner.
Further adding the company's success in the Omani market, Armour Insurance Services LLC has selected Premia Broker to manage all classes of its insurance needs. Designed as a complete end-to-end solution covering insurance and reinsurance broking solutions as well as the integration across underwriting, broking and accounting
The adaptability of Premia Broker is also in-tune with Armour Insurance's structure, which brings together four premier business houses with one combined vision to provide Oman with a 'cost effective and innovative insurance solutions' tailor-made to suit their needs. The four partners are Shriram Financial Services Holdings ltd, Eint Trading and Contracting Company LLC (associate company of W J Towell Group), Middle East Investments (part of Suhail Bahwan Group) and Mohsin Haider Darwish LLC.
"The implementation of Premia, a state-of-the-art IT platform has greatly improved the efficiency of our business processes and minimised considerably the response time to our customers," said Anwar Ali Sultan, Chairman of Armour Insurance Services LLC.
MUSCAT -- 3i Infotech a global leader in information technology solutions for insurance, ERP, banking, e-commerce and retail industries, has signed two new customers from the insurance sector in Oman.
Premia, 3i Infotech's enterprise business software catering to the specific needs of the insurance industry, is used by leading insurance companies who cumulatively write more than 55 per cent of the premium in the region, the company said in a press statement.
"Successfully achieving this consistent level of growth in the Omani market is a good indicator of our understanding of the specific needs of this market," says Kalpesh Desai, Chief Operating Officer, Europe Middle East & Africa of 3i Infotech. "Premia, boasts highly flexible and scalable features, catering to the diverse and sophisticated needs of the regional insurance industry."
Recognising the efficiency, effectiveness and adaptability of the Premia solution, Falcon Insurance is the latest company in the General Insurance sector to choose this solution. With a specialisation in providing risk management, Falcon required an enterprise business solution that could meet & exceed the diverse and unique needs of its clientele both now and into the future.
Premia will enable Falcon Insurance to integrate seamlessly, the functions of quotations, Policy issuance, Claims processing, Reinsurance and Accounting so that customer needs are met in the most standardised and complete manner.
Further adding the company's success in the Omani market, Armour Insurance Services LLC has selected Premia Broker to manage all classes of its insurance needs. Designed as a complete end-to-end solution covering insurance and reinsurance broking solutions as well as the integration across underwriting, broking and accounting
The adaptability of Premia Broker is also in-tune with Armour Insurance's structure, which brings together four premier business houses with one combined vision to provide Oman with a 'cost effective and innovative insurance solutions' tailor-made to suit their needs. The four partners are Shriram Financial Services Holdings ltd, Eint Trading and Contracting Company LLC (associate company of W J Towell Group), Middle East Investments (part of Suhail Bahwan Group) and Mohsin Haider Darwish LLC.
"The implementation of Premia, a state-of-the-art IT platform has greatly improved the efficiency of our business processes and minimised considerably the response time to our customers," said Anwar Ali Sultan, Chairman of Armour Insurance Services LLC.
By A Staff Reporter
© Oman Daily Observer 2005
