Focus General Insurance (FGI) will deploy Agilis Core General Insurance, a general insurance solution from Agile Financial Technologies.
Agile FT’s insurance solution will cover FGI’s underwriting, claims management, reinsurance, accounting, etc. The general insurance company will also benefit from streamlined business processes and better operational efficiency.
The Agilis solution has mobile technology integration capabilities and the ability to extend the client’s reach to agents over the web.
“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,” said Isaac Gunda, managing director of Focus General Insurance.
“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,” said Kalpesh Desai, CEO of Agile FT.
FGI recently acquired a license in Zambia.
Currently operating only in Zambia, FGI plans to expand its business and reach across the African continent in the near future.
Indian insurance companies will spend 101 billion rupees on IT products and services in 2013, up more than 9 percent over 2012 revenue of 92.5 billion rupees. According to Gartner, this forecast includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecom.
