InsFocus competitive advantage lies in its understanding of core insurance and reinsurance concepts and the merging of technology with these concepts.
Valletta, Malta (PRWEB) December 30, 2009
The Middlesea Group has teamed up with InsFocus Systems Ltd for the provision and deployment of an Insurance and Reinsurance Business Intelligence solution for Middlesea Insurance plc.
Middlesea Insurance plc (http://www.middlesea.com) is one of the largest insurance companies in Malta and transacts an array of insurance products ranging from commercial lines business, personal lines insurance, health and life. Established more than 25 years ago, Middlesea processes detailed information content from its systems to enable critical operational and strategic decisions.
InsFocus BI system for insurance (http://www.insfocus.com) shall replace the current information systems at Middlesea with custom-made data model integrating the group’s operational systems with InsFocus insurance-specific data warehousing solution.
“InsFocus provides a unique value proposition in providing an insurance specific data model. Most other solutions tend to be generic data warehousing solutions focusing on the technology rather than the insurance business. InsFocus competitive advantage lies in its understanding of core insurance and reinsurance concepts and the merging of technology with these concepts” says Bernard Fenech, Middlesea’s Chief Officer for Group IT.
InsFocus is working with key stakeholders at Middlesea to ensure participation and ownership of key underwriting, claims and reinsurance components. The project was launched in July 2009 and its first phase has already been delivered and in daily use. It is expected to be fully implemented by April 2010.
Bernard Fenech, Chief Officer Group IT
BernardF (at) middlesea (dot) com
+356 (2569) 4256
Uri Taiber, CEO
InsFocus Systems, Ltd.
utaiber(at) insfocus (dot) com
+972 3 9233766
About InsFocus Systems:
InsFocus is a leading provider of business intelligence software for the insurance industry. Leveraging decades of insurance industry experience paired with BI and DW expertise, InsFocus Systems brings advanced analytics to every part of the insurance business, including marketing, underwriting, reinsurance, actuarial, and accounting domains.
About Middlesea Insurance plc:
Middlesea Insurance plc is authorized by the Malta Financial Services Authority to carry on both long term and General Business under the Insurance Business Act, 1998. Middlesea Insurance plc is one of the leading composite insurance companies in Malta. Established in 1981 Middlesea Insurance has evolved from a reinsurer operating from the City of London & Malta, into a fully-fledged financial Group. Today, Middlesea Group, with assets under management exceeding 400 million Euros, focuses on local and international primary markets in both general and long term business.