Agile Financial Technologies announced that it is deploying Agilis Core General Insurance software for THI Insurance, Zimbabwe’s trusted and recognised 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 expanding its 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. It selected Agilis Core General Insurance Software as its technology platform of choice, after an extensive evaluation of various software solutions.
According to a company statement: “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.”
“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.”
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 Financial Technologies’ 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.
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. Agile Financial Technologies investors include IDG Ventures, a global fund managing $6.8 billion.
(Originally released September 2013)
