Fast Forward Technologies lines up India specific Insurance Software suite

Fast Forward Technologies launched the powerful solution suite fully customised for Indian Insurance requirements comprising F-Ins General, F-Ins Life, F-Ins Broker Connect, Kustody, Stox.

Fast Forward Systems India, the fully-owned subsidiary of the Singapore - based Fast Forward Technologies, which is a strong solutions player focussing on niche insurance and financial markets space, has lined up a range of solutions including Broker Connect, a robust solution for insurance intermediaries.

The Regional Director, Asean, Fast Forward Systems, Mr P.S. Iyer, based in Singapore, who also manages the Indian operations told Business Line in an exclusive in-flight interview that the company is focussed on providing software and consulting services for the insurance sector. "In the Indian context, with the Insurance Development and Regulatory Authority (IRDA) set to open up the sector further, we are eyeing the emerging market", he said.

Broker Connect has been developed jointly by techies out of Singapore and India R&D centre, for which the functional engine development was completed at Singapore and the development of the product was done partly in Sydney and India. The Sydney & Hyderabad R&D centres focus on collaborative computing using Web technologies, Mr Iyer said.

The Singapore centre is supported by the Infocomm Development Authority of the Government of Singapore, which is a body formed to supervise IT activities and forge strategic alliances.

Mr Iyer noted that with insurance intermediaries set to play a bigger role, Broker Connect will be able to help various players in the insurance sector. This is a specialised insurance oriented client management system that helps brokers and intermediaries define new roles in the insurance value chain.

It is analytical and provides the full suite of functionality required to operate both front end and back office functions of large insurance corporations.

Imagine a situation where an insurance intermediary is associated with say about 20 insurance enterprises and each enterprise has about 10-15 products. If he were to visit a potential customer and explain to him about the product, this product will make the task easy.

Further, if he has to offer a combination of products, through this he can do so without much difficulty, Mr Iyer said.

Mr. Iyer is scheduled to meet the Actuarial association, Tokyo and the Finance ministry in Malaysia to blueprint a 'Insurance trends' manuscript towards helping re-plot the legislative landscape for the finance sector.

Apart from Broker Connect, the company offers technology solutions that include F-Ins General and F-Ins life, Stox, eDirector and e-Kit., which have been deployed in some of the largest Insurance houses in the ASEAN.

Reach Mr. Iyer at +91 9849005283