Insurance software solutions provider IDIT IDI Technologies Ltd. has signed a contract with Groupama Hungary, a member of the Groupama Insurances Group, for the implementation of the insurer’s core policy administration management system for all lines of business. IDIT’s web-based solution, which is built on modern Service Oriented Architecture (SOA), will enable fast deployment of new insurance products, backed by a customer-centric management system.
IDIT said that the contract is worth NIS 10 million.
The IDIT Software Suite includes policy administration, billing and collection, claims management, technical accounting, reinsurance, workflow management, document management and CRM components. The project also covers migration of Groupama Hungary legacy portfolio into the new platform.
IDIT chairman Zeev Zilber said, “This is a strategic deal with one of Europe’s leading insurers. The fact that we’re talking about a follow-on purchase by a global company demonstrates the quality of our software and the level of customer satisfaction.” Zilber is also executive director of Formula Vision Technologies Ltd. (TASE: FVT), IDIT’s parent company.
Published by Globes [online], Israel business news - www.globes.co.il - on June 25, 2007
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