• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore, Sept. 21 FirstApex Group has launched two new IT solutions for the insurance sector at the ongoing third Insurance Executive Summit on Technology Conference in Beijing on Friday.

The products — FirstGen Neo 5j, a property & casualty insurance policy management system, and FirstRe Neo 5j, a fully integrated reinsurance system — have been developed from scratch using the new J2EE technology, FirstApex said in a press release.

Announcing the launch, Mr Suresh Prabhu, Chairman, FirstApex, said: “In the current business environment, the insurance industry in the region is facing extremely difficult and varied challenges, among which are the need to handle high growth rates, mind-boggling challenges in distribution, increased competition in a tariff-free environment and increased governance and regulatory pressures. Unfortunately, many insurers are still using older IT solutions developed using older technology, which were suitable for the business needs of a decade or two ago, while the critical need is for new technology to handle new business pressures!

More Stories on : Software | Insurance | New Products & Services

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Vodafone vs the taxman

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line