This deal was made possible by Transworks, 3i Infotech's business partner in Kazakhstan, which managed the entire sales-cycle.
Says Kalpesh Desai, Chief Operating Officer, 3i Infotech Ltd. (Europe, Middle East and Africa), "Kazakhinstrakh has been in the market for a solution which could integrate their major insurance activities including underwriting, claims, reinsurance, and accounts."
After detailed research and evaluation of various other solutions, the insurers company concluded that Premia would be the ideal choice for the project, as it provided the technology foundation, business processes and workflow required.
Desai further adds, "We look forward to working closely with Kazakhinstrakh and are delighted with the opportunity to take Premia, already well established in GCC to Kazakhstan and serving the growing needs of insurance companies in this market.
"We believe that this deal will open additional opportunities for Premia with similar insurance companies that operate in other countries in this region."
After the ATF Policy, this is the second customer among the top five insurance companies in Kazakhstan to select Premia from 3i Infotech.
Premia, the integrated insurance management solution from 3i Infotech has a large number of customers across Asia, Africa, Central Europe and the Middle East. Designed to take the risk out of insurance, it is an all-inclusive, cost-efficient integrated insurance management solution.
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Transworks establishes Premia from 3i Infotech as the preferred insurance management solution for the largest insurer in Kazakhstan
- United Arab Emirates: Wednesday, March 02 - 2005 at 16:08
- PRESS RELEASE
Kazakhinstrakh, the largest insurance company in Kazakhstan, has selected Premia, 3i Infotech's insurance management solution, to streamline their general insurance business.
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Note to Editors:About ICICI InfotechAbout 3i Infotech Limited (Formerly known as ICICI Infotech Limited)
3i Infotech Limited provides a range of information technology solutions for banking, finance, insurance, e-governance, manufacturing, retail, and distribution. Its software business is SEI CMM Level 5 compliant and is ISO 9001 certified for its Infrastructure Services.
Using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, IT infrastructure and disaster recovery solutions.
3i Infotech serves customers in 30 countries and has a presence across 4 continents.
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Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", "expect", "believe", and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
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Posted by Lara Lynn Golden, News EditorWednesday, March 02 - 2005 at 16:08 UAE local time (GMT+4)
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This article was updated on Thu Dec 28 2006.
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