Mauritian Eagle is part of the IBL Group, the 2nd largest business group in Mauritius. PREMIA, a total internet-enabled Enterprise Insurance Management solution for the insurance industry & a market leader in the GCC, will provide Mauritian Eagle with necessary tools to enhance business processes as well as management capabilities. PREMIA will replace an in-house developed system across all Mauritian Eagle offices.
PREMIA provides seamless integration between all the disciplines involved in any insurance activity including underwriting, claims, re-insurance and accounts backed by extensive reporting and analysis features. PREMIA will enable Mauritian Eagle Insurance management and employees to track the profitability of each product and track their exposure practically on a day-to-day basis thus enabling enhanced decision making.
"We came to the realization, that we needed a scalable advanced IT solution that catered to our complex business demands a task which was becoming increasingly difficult with the existing in-house system. PREMIA was chosen as the ideal Insurance Management solution capable of meeting our immediate and future business requirements," said Mr. Gaetan Lan Hun Kuen, Chief Executive, Mauritian Eagle Insurance Co. Ltd.
"We wanted a dedicated internet-enabled enterprise business management solution that was easy-to-operate and familiar with our existing business activities, providing scope for process improvement such as handling more volumes of business at high speeds and servicing the insurance needs of our customers with risk-free efficiency," added Mr. Jose Arsenius, Information Systems Manager, Mauritian Eagle Insurance Co. Ltd.
"We are delighted to have been able to provide Mauritian Eagle Insurance with a enterprise management solution offering that has the scalability to meet their business requirements today and evolve with them into the future," said Kalpesh Desai, Chief Operating Officer, ICICI Infotech Ltd. (Central Europe, Middle East & Africa). "We look forward to working closely with Mauritian Eagle Insurance and are delighted with getting this opportunity to further strengthen our presence in Mauritius and serve the needs of the insurance industry in this market."
PREMIA boasts flexibility and scalability features that give an insurance company the vital edge over competition, as they grow. PREMIA caters to multiple classes of the business, namely general accident, fire, motor, engineering, marine, aviation, life, and medical categories.
An impressive 60% of premium written in the Middle East is through PREMIA. Some of PREMIA's prominent customers include: AIG; Tokio Marine; Heath Lambert, Albatross Insurance and Insco Marsh.
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PREMIA is solution of choice for Mauritian Eagle Insurance
- United Arab Emirates: Tuesday, October 19 - 2004 at 09:13
- PRESS RELEASE
ICICI Infotech (MEA), a global leader in providing enterprise business management solutions, announced today that Mauritian Eagle Insurance has selected PREMIA to enhance business efficiency and maintain advanced service levels to customers.
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Notes and media contacts
About Mauritian Eagle InsuranceMauritian Eagle Insurance was incorporated in December 1973 and started its operations in January 1974. Mauritian Eagle Insurance started as a joint venture between Ireland Blyth Ltd (80%), one of the biggest groups on the island, and South African Eagle Insurance Co Ltd, presently a member of the Zurich Financial Services Group, (20%).
Mauritian Eagle Insurance was listed on the Stock Exchange of Mauritius in 1993 and the shareholding profile changed to 60% of the equity for Ireland Blyth Ltd, and the remaining 40% held by South African Eagle Insurance Co Ltd (15%) and the public (25%) respectively.
Mauritian Eagle Insurance also detains a 15% stake in H Savy Insurance Co. Ltd in the Seychelles, acquired during the year 1996, as well as a 51% stake in Mauritian Eagle Leasing Co. Ltd.
Products & Services
Mauritian Eagle Insurance operates in both the domestic and commercial markets, transacting all classes of short term insurance. The company also offers several life and pension assurances.
Reinsurance arrangements are currently in force with recognised reinsurance companies such as Munich Re, Hannover Re Africa Ltd and Swiss Re among others. The company's actuaries are Belvidere Consultants (PTY) Ltd, B&W Deloitte (previously known as Southern Africa Actuarial Consultants (PTY) Ltd.) and Hannover Life Re Africa Ltd.
For further information, visit our web site on http://www.mauritianeagle.com
ICICI Infotech Profile
ICICI Infotech is a global leader in providing Enterprise Solutions encompassing ERP II applications, end-to-end business solutions for Insurance companies as well as niche banking and IT security solutions, across 40 countries. The company is promoted by the NYSE-listed ICICI Bank, which has an asset-base of $25 billion.
For almost two decades now, ICICI Infotech has been servicing the Middle East and Africa region with a strong presence in the GCC countries, Sudan, East Africa, Nigeria, Ghana, Mauritius, Southern Africa, the CIS and the Mediterranean countries. Based at Dubai Internet City, ICICI Infotech (Middle East & Africa) has an estimated 200 full-time sales and experienced implementation consultants operating, directly or through partners, across the Central Europe, Middle East & Africa region.
PREMIA, the integrated solution for insurance companies is the market leader with over 50% of the premium written in the GCC, written using it. PREMIA now caters to over 50 customers across 19 countries worldwide. ICICI Infotech's offerings for banks include solutions for Treasury Management, Asset-Liability Management, Factoring, Retail Lending and Risk Management.
ORION, ICICI Infotech's leading ERP II solution, has over 1600 loyal customers across Manufacturing, Distribution, Retail and Contracting industries around the world. CrossRoads, the online interactive Enterprise Relationship Management (ERM) solution, enables collaboration between vendors, customers, partners and employees.
Some of ICICI Infotech's prominent customers in this region include GlaxoSmithKline, Arab Beverages (Caprisonne), STALCO, Ali & Sons Group, Cellucom, Panasonic, Pioneer, Asmak, Intercare, Clarendon Parker, Al Fozan, American Insurance Group (AIG), Emirates Insurance, Emirates Bank and RAKBank. ICICI Infotech was ranked among the top 4 enterprise application solutions (EAS) vendors in the Middle East & North Africa (MENA) and 3rd in the UAE in 2003 by market research firm IDC.
ICICI Infotech contact:
Mr Ranjit Rajan, Marketing Manager, ICICI Infotech Ltd. (Central Europe, Middle East & Africa)
Tel: +9714 3914900
Fax: +9714 3918773
Address: P.O Box 9109, Dubai, UAE
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, October 19 - 2004 at 09:13 UAE local time (GMT+4)
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