ICICI Infotech showcases new enterprise management solutions at IASA 2004

At IASA 2004, ICICI Infotech will be exhibiting two new business management solutions for the insurance industry; PREMIA Property & Casualty and PREMIA CrossRoads.

PREMIA Property & Casualty is an integrated solution that helps manage the entire business process of organizations involved in the property & casualty insurance industry. Whilst, PREMIA Crossroads is an enterprise relationship management solution that allows secure multi-channel interactions between agents, brokers, customers and insurance companies.

"This release of PREMIA is a result of our working with a leading insurance IT consulting firm in the U.S. who have worked with us in identifying the gaps to meet the U.S. requirement which we have incorporated in the product and will be showcasing at IASA," said Hari Padmanabhan, Executive Director and President, ICICI Infotech. "It is truly encouraging to have received our first order for this U.S. version of PREMIA just on the eve of IASA and we expect to follow this through to more successes in the future."

PREMIA, an integrated solution that works across complex organization structures and across geographical boundaries is built on the industry-leading Oracle Platform, giving businesses unlimited server hardware and operating system choices. PREMIA takes care of all classes of business, General accident, fire, motor, engineering, marine cargo & hull and aviation. In addition, PREMIA is designed for both tariff and non-tariff markets.

An impressive 60% of premium written in the Middle East is through PREMIA. Some of PREMIA's prominent customers include: AIG across the Middle East & Cyprus; Tokio Marine; Heath Lambert and Marsh Insco.

IASA was founded in 1928 and has established itself as the largest and most well-represented trade association in the insurance industry today. IASA 2004 is a platform for one of the most comprehensive education programs and business shows targeted at financial and technology professionals in the insurance and financial services industry.

IASA members include insurance companies representing different facets of the insurance industry such as Property & Casualty, Life, Health, Fraternal and HMO, among others. The members also include a sizeable number of companies that serve the insurance industry, regulators and also organizations which broadly represent the financial services industry such as banks and investment brokerage firms.

Since 1989, ICICI Infotech Middle East and Africa (MEA)has consolidated its position as a global developer and provider of Enterprise solutions encompassing a broad range of business segments covering ERP II for retail, distribution, manufacturing and contracting, end to end business solutions for Insurance companies and brokers as well as niche banking and IT infrastructure solutions.

This year, ICICI Infotech has experienced 40% growth in comparison to last year and predicts a similar rate of growth in the coming year.