New General Insurance Software Solution seen as Enabler to Growth for UK Insurers
The latest release of IDIT General Insurance Software Solution has been enriched with functionality needed for UK general insurance companies to throw off the shackles of their legacy technology. The new software release increases the business value and competitive advantages to IDIT customers world-wide.
- (1888PressRelease) October 26, 2010 - IDIT I.D.I. Technologies Ltd and JMR Consulting UK Limited announce the general availability of the latest version of IDIT™ Software Suite Version 8 for the UK general insurance market. The IDIT™ Software Suite is seen as leader in the field of modern yet mature general insurance solutions. Several leading UK analysts have reviewed IDIT's capabilities, "Many insurers still face serious technology constraints on their new business growth aspirations. Tackling this legacy challenge is now a viable option for insurers, given the modern policy administration systems in the market." said Catherine Stagg-Macey, senior insurance analyst at Celent's London practice.
This latest version of IDIT™ Software Suite has been specially enhanced to comply with UK requirements and regulations. Products have been configured to reflect specific UK terminology and processes including rating and underwriting.
"Increasing speed to market for new products, reducing fraudulent claims, improving distribution channels and dealing with Solvency II are all challenges faced by UK insurers today. We believed the UK General Insurance Market was ready for a new breed of solution to deal with these challenges" says Kali Bagary, Managing Director of JMR Consulting UK Ltd. "The IDIT solution is functionally rich, can be implemented quickly, and is being adopted by companies across the world. We are very excited to be partnering with IDIT and delivering a new, but proven, comprehensive general insurance solution to the UK market."
The new software release is built on a modern Service Oriented Architecture (SOA) and makes significant functional and technological strides to meet today's challenges for insurer's world-wide. The system has also been enriched with the necessary interfaces and functionality to ensure full readiness and compliance for the UK general insurance market. For example, in order to represent the automated processes in the UK market, the system can interface with UK post codes, as well as car make and model databases.
Yoel Amir, CEO of IDIT Technologies commented, "Our continuous investment in the IDIT™ Software Suite, backed by our insurance domain expertise, demonstrates our undisputed commitment for innovation, while increasing the business value we deliver to our customers. This efficient and powerful release contains features that will provide existing and new customers with significant competitive advantages."
IDIT's partnership with JMR Consulting UK Ltd further extends the availability of IDIT™ Software Suite to general insurers in the UK, and leverages the in-depth knowledge and experience of JMR UK in delivering projects for UK general insurance companies.
Visit us at The Future of General Insurance event (http://www.jmruk.com/the-future-of-general-insurance), Nov 3-4, 2010 Lancaster Hotel, London
About JMR Consulting UK
JMR Consulting UK Ltd was established in 2007 and is based in Amersham, near London. JMR UK is a leading provider of IT services, solutions, and Solvency-II consulting, that helps organizations to significantly reduce their costs, whilst improving performance and delivering maximum return on investment. The company offers a range of services, across the full systems development and implementation lifecycle - scoping, analysis, design, development, testing, implementation and project management. JMR UK's service delivery and operating models, combined with our IT expertise and range of solutions, enable us to deliver high quality results on time, every time.
JMR Consulting UK Ltd has a 15-year proven track record of delivering successful solutions, on a fixed-time and fixed-price basis, across diverse technologies in the financial services sector. JMR UK has extensive expertise and experience in delivering successful large scale IT projects in the insurance sector on a global scale.
For more information visit us at: http://www.jmruk.com
JMR Consulting UK Ltd
European Office
11a Chenies Parade, Chalfont Station Road, Amersham,
Buckinghamshire HP7 9PH, United Kingdom
Phone: +44 (0) 845 052 0900
Email: info ( @ ) jmruk dot com
About IDIT:
IDIT I.D.I. Technologies Ltd (www.idit-technologies.com) is a global provider of enterprise software solutions for the insurance & financial markets. Our solutions are based on IDIT™ Software Suite - an enterprise software product which integrates the business capabilities essential for any insurance provider.
Founded in 1998, IDIT I.D.I. Technologies is a member of the Formula Vision group (TASE: FVT) and employs over 165 insurance and IT experts across Europe, APAC and Israel. Its clients include Groupama, Eureko, Interamerican, MMA, Whittington Direct Asia, PolisDirect, IAK, Vanbreda, RAC Insurance and Direct Insurance Financial Services among others.
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