Iran Insurance to implement PREMIA application across all operations in the region

The PREMIA solution will be implemented in Iran Insurance Company's offices in Dubai, Abu Dhabi, Al Ain, Sharjah, Ras Al Khaimah, and Sultanate of Oman early this year.

With the implementation of PREMIA across all their operations in the region, Iran Insurance will be able to have all their offices in the UAE integrated and therefore the ability to cater to their customer's needs wherever they are and whatever their requirements, in real time.

PREMIA will also help Iran Insurance to simplify the management process by cutting though the complexity of insurance process requirements and thus provide one simple yet flexible solution, capable of fuelling diversity in the insurance business and keeping Iran Insurance in the fast lane.

"We are delighted to work with Iran Insurance Company on such a project and are very pleased that with PREMIA, we will be helping them to better serve the needs of their growing customer base," said Hari Padmanabhan, President, ICICI Infotech (MEA). "Our success together in this project will highlight our commitment to the insurance sector, and that is to provide them with the flexibility and scalability in business operations; the vital edge over competition as they grow."

Iran Insurance Company established its first office in Dubai over 32 years ago and has expanded its operations rapidly in the market since. The company's head office is founded in Tehran, Iran 67 years ago where it controls 60% of the local market share.

PREMIA will provide Iran Insurance with the benefit of having a total Internet-enabled insurance management solution which will support all business functions encompassing Underwriting, Claims, Reinsurance and Accounts. It will not only address the internal business functions of the insurance company but also integrate all the different entities.

ICICI Infotech (MEA), till recently known as Insyst Technologies (MEA) Ltd., has invested considerably in the Middle East region and will continue to do so in line with its plans for the region. Over the last year, the company has doubled its investment in research and development to ensure that its Enterprise Business Management product portfolio boasts the latest innovations and functionalities providing customers with the necessary tools to stay abreast in an increasingly competitive global marketplace.

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