IT solutions vendor 3i Infotech announced its latest version PREMIA 11j, a core insurance solution for Individual and Group Life business.
Premia 11j — built on Java platform and Oracle database — covers automation of insurance life cycle across customer acquisition, re-insurance, policy administration, persistency and distribution management.
3i Infotech said Premia 11j Life Insurance addresses both Conventional and Takaful markets across Asia Pacific, South Asia, Middle East and Africa.
The solution provides flexibility to manage product offerings and distribution across a wide spectrum of the sector. Premia interfaces and renders a full and flexible real-time self-service for the community of participants, agents, brokers and sponsors through its Premia E-Portal & Zeus Mobility framework.
PREMIA 11j Life Insurance assists the insurers in managing the business processes dynamically. The key focus of the solution is to render a full and flexible real-time self-service to participants, brokers and sponsors.
Madhivanan Balakrishnan, managing director and global CEO, 3i Infotech, said: “Leveraging the single system approach of Premia 11j, life insurance sector can choose to deploy a solution based on business priorities.”
Meanwhile, 3i Infotech announced new appointments in the Middle East & Africa region.
Charanjit Attra, ED & Global CFO will take care strategic growth and business development of the Middle East & Africa region. Ashish Dass will be joining as SVP & region head for Middle East & Africa.