3i Infotech Takes The Top Spot For Takaful Technology

For the third year in a row, 3i Infotech has been awarded 'Best Takaful Technology Company' at the International Takaful Awards 2010, in London. End Quote

(1888PressRelease) July 22, 2010 - London - Global financial technology solutions and services provider, 3i Infotech has won the "Best Takaful Technology Company" award at the 4th International Takaful Summit 2010 in London. Organised by the Middle East Business Forum and Afkar Consulting, the awards honour companies and practitioners that have contributed the most to the growing Takaful market.

Winning the award for the third year in a row, the significant achievement recognizes 3i Infotech's extensive work with Takaful companies located throughout South-East Asia, the Middle East and Africa.

Presented by Lord Mohammed Sheikh, Chairman of Camberford Law Plc, the award win followed an extensive judging and selection process that was overseen by a host of journalists, lawyers and Takaful practitioners.

Timed to coincide with the 4th International Takaful Summit 2010, the conference included a number of high profile speakers from around the world who discussed some of the most important issues facing the relatively new yet, fast growing, Takaful market.

Faisal Khan, Director Insurance and Banking, 3i Infotech Western Europe, said, "Despite the recent international economic turmoil, the appetite for Takaful financial products and services has grown rapidly over the course of the past few years, as individuals and businesses recognise the benefits that the market can deliver. Thanks to the strength of new and existing partnerships with key practitioners currently working within the space, we are proud to be able to offer a solution that meets the needs of this burgeoning insurance market.

"With PREMIA Takaful, our goal has always been to position the product and our business as an innovative technology that provides customers with a vehicle for competitive advantage. This hat-trick of awards underlines the confidence that our clients continue to have with this innovative approach."

Jayaraman Jagannadhan, Head of 3i Infotech's Global Development Centre for Insurance, added, "Over the past 10 years we have worked with nearly 40 operators in the Takaful industry in Malaysia, Middle East and Africa where the major advances in this sector have taken place. With this knowledge and experience fully embedded in our software solutions, we are well-positioned to support the global expansion of Takaful into new markets with Sharia compliant technology."

3i Infotech offers its end-to-end Insurance Software Solutions Suite, PREMIA, for the Takaful Insurance sector. The PREMIA suite comprises PREMIA General Insurance, PREMIA Health, PREMIA Life, PREMIA Property & Casualty and PREMIA Collaborator. With approximately 150 Takaful companies worldwide, 3i Infotech is leading the way in Takaful insurance solutions, cornering a 25% market share of systems from this sector.

About 3i Infotech
3i Infotech (www.3i-infotech.com) provides software products and IT services for the Manufacturing, Retail & Distribution; Banking, Financial Services & Insurance (BFSI); and Government verticals. The Company's quality certifications include ISO 9001:2008 for BPO, ISO/IEC 27001:2005 for Data Centre Operations and ISO/IEC 20000-1:2005 for Data Centre Management Services. The Company has embarked on re-appraisal under SEI CMM ML 5 for all of its major software development centres in India.

By using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, system integration services, IT infrastructure and Disaster Recovery solutions. 3i Infotech services over 1500 customers in more than 50 countries across five continents.

For more information, please contact:
Nicola Harley
Head of Marketing
3i Infotech (Western Europe)
Switchboard: +44 (0) 20 7071 3000
Phone: +44 (0) 20 7071 3012
Fax: +44 (0) 20 7071 3001

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.

###

space

Other Related Press Releases

3i Infotech Takes The Top Spot For Takaful Technology by 3i Infotech Limited