Agile Financial Technologies, a software provider for insurance, banking
and financial services sectors, announced that it has signed a contract with
Focus General Insurance (FGI), who have recently acquired their license in
Zambia, to deploy its general insurance solution – Agilis Core General
Insurance.
Agile FT’s integrated comprehensive insurance solution will cover FGI’s
entire business cycle from underwriting and claims management to reinsurance
and accounting in addition to helping the company streamline its business
processes and increase operational efficiency.
“In our quest to meet the changing needs of our marketplace as well as to
meet our company’s strategic objectives, we were looking to implement a
comprehensive core insurance software , which would not only automate our day
to day tasks, but would also provide mobility and accessibility to our brokers,
agents and customers.
The solution also needed to be scalable, where it could easily be
integrated with new technologies to aid our future growth and expansion in the
region. After thoroughly reviewing a number of solutions from different
vendors, we found that Agilis Core General Insurance came closest to meeting
all of our requirements,” explained Issac Gunda, Managing Director of Focus
General Insurance.
“Agilis will cover the entire spectrum of FGI’s operations and finance
management including insurance product management and distribution (policies),
underwriting, reinsurance, claims and accounting. It not only meets the
end-to-end processing of our business requirements but it also has strong
mobile technology integration capabilities as well as the ability to extend our
outreach to agents over the web. We are confident that Agilis will help us
streamline our insurance business processes, enhance operational efficiency and
aid in scaling up the business to new geographical regions,” Mr. Gunda added.
Agilis Core General Insurance is an integrated comprehensive solution for
insurance companies covering the entire business cycle from underwriting and
claim management to reinsurance and accounting. With a set of powerful tools,
this solution is aimed at enhancing insurance business processes and other
aspects of an Insurance company that directly leads to higher profitability.
Featuring multi-language and multi-currency support as well as consolidated
financial information on multi-currency transactions, Agilis’ well-defined
workflow covers all the steps of the insurance business from a single view of
the customer profile to effective management with pre-configured reports,
including MIS, as well as web-portals.
“FGI is a recently established general insurance company and a firm
believer in technology being the foundation for growth and market penetration.
After a stringent evaluation process, FGI chose Agilis Core Insurance as their
technology backbone. Agilis is entirely web-based and ensures quick, accurate
and easy access to information by employing a modular and parametric approach
to the management of insurance business and deploying it enterprise wide. In
addition to the core operational efficiencies that Agilis brings in, FGI will
also be able to leverage our mobility solutions and web portals to automate
agents and brokers. FGI’s time-to-market will be substantially reduced due to
our comprehensive product configuration capabilities,” said Kalpesh Desai, CEO
at Agile FT.
“We are working closely with FGI’s management and IT teams to ensure that
the implementation is done quickly and the transition is smooth and successful.
With this sign up, Agile FT has now consolidated its position as the market
leader in the provisioning of core insurance software in the Sub-Saharan
region,” he added.
FGI offers a wide range of structured general insurance for both commercial
insurance products and retail/personal insurance products. Currently operating
only in Zambia, FGI plans to expand its business and reach across the African
continent in the near future.
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