Dubai, UAE, September 13 2006 Centras Insurance has become the first insurance company in Kazakhstan to roll-out PREMIA, an Integrated Insurance Management System from 3i Infotech - a global IT Solutions Company. PREMIA has been developed by 3i Infotech, which has extensive experience in creating and implementing such systems for leading insurance companies worldwide.

PREMIA will help Centras Insurance minimize operational risks involved with bulk sales of insurance products and enhance the efficiency of client servicing. PREMIA will also help the company integrate its records and provide real-time information to respond to client requests.

Our aim is to become one of Kazakhstans leading insurance companies in the next few years and to achieve this we are undertaking a series of initiatives that will help us in enhancing our service delivery levels, said Talgat Ussenov, Chairman of the Board, Centras Insurance.

Using a world-class solution such as 3i Infotechs PREMIA, a globally renowned Integrated Insurance Management System, will help us grow as an efficient national insurance company with products that meet international standards he further added.

As with all our products, PREMIA has been developed with the help of domain experts and it caters to a wide variety of insurance companies including those in the business of Life, General Insurance, Health, Takaful and Insurance Broking, said Kalpesh Desai, Chief Operating Officer - Europe, Middle East & Africa (EMEA), 3i Infotech. 

Elaborating on 3i Infotechs commitment to Kazakhstan and CIS region, Mr. Desai said, Our dedicated efforts in meeting the IT requirements for banks and insurance companies in Kazakhstan has put us in leadership position in this country, which we would also like to extend to the CIS region. The successful PREMIA roll-out at Centras Insurance is one more important step in this direction he added.

The PREMIA insurance management solutions suite is designed to proficiently perform all the functions of an insurance company such as Underwriting, Policy Administration, Claims Management, Reinsurance and Accounting and is used by some of the most reputable insurance companies in the world.

More information about PREMIA and also about insurance market of Kazakhstan and Centras Insurances activity is available at the companys headquarters and on the corporate web site www.centrasinsure.kz

-Ends-

Additional information
JSC IC Centras Insurance
JSC Insurance company was founded in 1997 and till 2005 known on the market as insurance company Terra. In 2005 new shareholders an investment group Centras purchased a stake in an insurance company Terra. As a consequence, the company has changed its name to Centras Insurance, the companys management has changed fundamentally, the authorized capital was increased several times, a regional network started to be developed.

As at the end of June 2006 volume of insurance premiums collected by the company amounted to 385 mln. tenge, assets amounted to 760 mln. tenge, equity amounted to 500 mln. tenge. Branch network of the company consists of 9 branches and representative offices throughout Kazakhstan.

In March 2006 Centras Insurance became one of  the few Kazakhstani insurance companies, which succeeded to conclude contracts of obligatory reinsurance with leading reinsurance companies of the world: Lloyds Corporation, SCOR (France), Partner Re (Switzerland), Hannover Re (Germany), Transatlantic Re (USA) and CCR (France).

About 3i Infotech
3i Infotech (www.3i-infotech.com) provides a range of information technology solutions for insurance, banking & finance, e-Governance, manufacturing, and retail & distribution. The company is SEI CMMI Level 5-compliant for its software business and ISO 9001:2000-certified for its Infrastructure Services and Business Process Outsourcing Operations.

Using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, IT infrastructure and disaster recovery solutions. 3i Infotech has a presence across 5 continents and serves customers in 50 countries. 3i Infotech has a representative office in Kazakhstan.

For almost two decades, 3i Infotech has been serving the Middle East and Africa region. 3i Infotech's list of more then 500 customers includes those in the GCC countries, Sudan, East & West Africa, South Africa, Mauritius, the Central Asian Republics and the Mediterranean countries.

For more information, please contact:
Melissa Dmello
MCS Action
T +971 4 3902960
F  +971 4 3908161
melissa.d@actionprgroup.com

Press Release 2006