Orlando, Fla. (PRWEB) June 8, 2009
3i Infotech, a global information technology (IT) company, today announced a broad suite of BPO services designed specifically for the insurance industry and tailored to complement its proven PREMIA™ software platform, which is used by dozens of leading insurance companies throughout North America.
3i Infotech North America is demonstrating its new suite of insurance industry services and products here this week in Booth #401 at the IASA 2009 Annual Educational Conference and Business Show.
With its full complement of services and software solutions, 3i Infotech provides all the necessary tools to help insurance companies optimize essential business processes such as underwriting, rating and quoting, policy administration, claims, billing and remittance processing, agency management, document management and more.
At the heart of 3i Infotech's new insurance services is a BPO framework that helps insurance companies handle all aspects of end-to-end insurance operations management. This framework combines software, technology and services with a global delivery infrastructure, enabling solutions that are both cutting-edge and cost-effective.
"Insurance companies today are straining under the weight of their essential business processes, from policy management to channel maintenance to legacy system support," said Sukirat Kochar, the vice president of 3i Infotech North America's insurance practice. "These processes are diverting attention from the activities that differentiate an insurance organization and drive corporate growth. 3i Infotech eases that pressure through our unique mix of in-house, outsourced and co-sourced solutions that quickly and cost-effectively address these challenges."
3i Infotech's flagship PREMIA product addresses the full spectrum of insurance functions -- from rating and quoting to MIS reporting and analysis, claims administration, billing, reinsurance and more -- in a single platform using a single technology. This enables a powerful combination of cost and operational efficiencies. Developed on Oracle, PREMIA is an easy-to-use, rapidly deployed software platform that can be implemented on a wide range of hardware and operating systems.
ABOUT 3i INFOTECH
3i Infotech is one of India's leading IT companies and among the top 4 Indian Software Products Companies.* The Company provides software products and IT services (Managed IT Services, Application Software Development & Maintenance, Payment Services, Business Intelligence, Document Imaging & Digitization, Operations Outsourcing (BPO) and IT Consulting) for the Insurance, Banking, Capital Market, Mutual Funds, Wealth Management and Government verticals. The Company services customers in over 50 countries across 5 continents.
3i Infotech is SEI CMMI Level 5 compliant for Software Services, ISO 9001:2000 certified for BPO Services and ISO 27001:2005 certified for Infrastructure Services.
The Insurance Accounting & Systems Association, Incorporated (IASA) is a non-profit, education association that strives to enhance the knowledge of insurance professionals, and participants from similar organizations closely allied with the insurance industry by facilitating the exchange of ideas and information. IASA is one of the insurance industry's largest, and most well represented trade association. IASA membership includes insurance companies of all types (Property & Casualty, Life, Health, Fraternal, HMO and others) as members, as well as companies serving the insurance industry, regulators and also organizations more broadly representative of the financial services industry, including banks and investment brokerage firms.
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.