Agile Financial Technologies, a leading software provider for insurance, banking and financial services sectors, yesterday announced that it has won a contract to install its Agilis Core General Insurance software at THI Insurance.
Agilis Core General Insurance is an integrated comprehensive solution for insurance companies covering the entire business cycle from underwriting and claim management to reinsurance and accounting.
With a set of powerful tools, this solution is aimed at enhancing insurance business processes and other aspects of an Insurance company that directly leads to higher profitability.
Featuring multi-language and multi-currency support as well as consolidated financial information on multi-currency transactions, Agilis’ well-defined workflow covers all the steps of the insurance business from a single view of the customer profile to effective management with pre-configured reports, including MIS, as well as web-portals.
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.
In addition to the core operational efficiencies that Agilis brings in, THI Insurance will also be able to leverage Agile FT’s mobility solutions and web portals to automate agents and brokers.
THI Insurance managing director Mr Hamish MacLean said the installation of the new soft ware will aid his company in its expansion programme where its seeking to increase its product offering to include property and casualty, marine, engineering, aviation, accident, credit, travel, liability, crop, livestock and motor insurance.
“With this expansion plan in mind, THI Insurance sought to identify a reliable software product and provider to partner with them in the automation of their business functions and zeroed in on Agile FT’s Agilis General Insurance Software as it’s technology platform of choice, after an extensive evaluation of various software solutions.
“Over the last 75 years, THI Insurance has been a trusted insurance provider to the tobacco and agricultural sector and we are now expanding our horizon to cover other niche insurance products in Zimbabwe and the region.
“Taking into account our growth plans, we wanted to ensure that we had a dependable general insurance system to automate our existing operations and allow us to offer our customers short term insurance solutions more efficiently.
“After reviewing solutions from various vendors, we chose Agilis Core General Insurance as it is not only feature-rich but also offers us scalability as well,” says Mr MacLean.
THI head of operations (General Insurance) Mr Amon Rupiya said the company will also be implementing Agilis Portals to extend a web based presence covering our agents, brokers and customers as part of the deployment.
“We are confident that Agilis Core General Insurance will help us streamline ouroperations, enhance our business processes and help our growth and expansion plans,” said Mr Rupiya.
Agile FT’s chief executive Mr Kalpesh Desai said they were proud to be participating in the new phase of technology transformation at THI Insurance.
“We expect a rapid implementation process which will be conducted in conjunction with our local suppport partner, Finsys, who have a strong delivery and support team built around our products.
FinSys managing director Mr Munya Mateko, whose company is a leading systems integrator of enterprise business software solutions focused on the insurance and financial services sector and a leading value added reseller of Agile FT’s products, pledged to ensure that the software works for THI.
“We have THI Insurance’s business imperatives and together with Agile FT will deploy Agilis Core General Insurance using our certified implementers for a rapid and seamless implementation,” he said.
THI is one of the country’s most trusted and recognized insurer with a history of 75 years of experience in providing tobacco hail and windstorm cover to both large and small scale tobacco growers.
It is a subsidiary of Tetrad Holdings Limited whose other operations include banking, asset management, microfinance, mining and property management.