2013-09-30 20:53:11 - Agilis Core General Insurance to aid THI Insurance’s expansion plans and enhance it’s product offerings and service capabilities
Harare, Zimbabwe, September 30, 2013: Agile Financial Technologies, a leading software provider for insurance, banking and financial services sectors, announced that it has won the contract to deploy Agilis Core General Insurance software for THI Insurance, Zimbabwe’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.
THI Insurance is a subsidiary of Tetrad Holdings Limited, whose other operations include Banking, Asset Management, Microfinance, Mining and Property management. THI Insurance is now expanding it’s 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 Hamish MacLean, Managing Director, THI Insurance.
“As part of this deployment, we will also be implementing Agilis Portals to extend a web based presence covering our agents, brokers and customers. We are confident that Agilis Core General Insurance will help us streamline our operations, enhance our business processes and help our growth and expansion plans,” adds Amon Rupiya, Head Of Operations – (General 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.
“We are proud to participate in this new phase of technology transformation at THI Insurance, one of the more established and respected insurance institutions in Zimbabwe. 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,” says Kalpesh Desai, CEO at Agile FT.
“FinSys Zimbabwe 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. 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,” adds Munya Mateko, MD of Finsys.
About Agile Financial Technologies:
Agile Financial Technologies is a leading provider of enterprise software to the banking, financial services and insurance sectors, with a growing customer community of leading banks, insurance companies, investment management firms and financial institutions across 16 countries. The company is recognized as an emerging market leader in the provisioning of software products to the BFSI sector by leading analyst firms and publications. Agile FT's investors include IDG Ventures, a global fund managing USD 6.8 Bn USD. For further details, please visit www.agile-ft.com
About THI Insurance:
THI Insurance is Zimbabwe’s most trusted and recognized insurer in the tobacco farming community with a history of over 70 years of providing tobacco hail and windstorm insurance cover to both large and small scale tobacco growers.
THI Insurance has now expanded its business model by offering other general short term insurance products to meet the needs of our growing client base, and these include :
• Property and Casualty Insurance
• Marine Insurance
• Engineering Insurance
• Aviation Insurance
• Accident Insurance
• Credit Insurance
• Travel Insurance
• Liability insurance
• Other Crops
• Livestock Insurance
OAK Consulting FZ LLC