FirstApex signs with Warba Insurance Company (K.S.C.), Kuwait
FirstApex got one of biggest breakthroughs in the Middle East region with Warba Insurance Company (K.S.C.), Kuwait.
Warba, one of the biggest insurance companies in Kuwait, is part of the Bukhamseen Group, a renowned name in the entire Middle East having presence in diverse industries like banking, finance, insurance, real estate, engineering, retailing, hospitality, travel, media, services and education.
FirstApex is offering ‘FirstGen’ and ‘FirstLife’ suite of products to the company These products are end to end comprehensive policy administration systems for ‘Property and Casualty’ lines & ‘Life’ lines
of business respectively. The solutions also come with a powerful business intelligence and ad hoc reporting tool, ‘X-Vision’.
Both the products being built on the J2EE architecture are fully web based which will help Warba in automating the policy administration and other related day to day operations in a cost effective manner. The applications can be accessed anytime , anywhere using any mobile device capable of browser applications and hence will contribute substantially in the expansion of the distribution reach of Warba.
FirstApex now a part of NTT DATA Asia Pacific Pte. Ltd.
NTT DATA Asia Pacific Pte. Ltd. (hereinafter referred to as “NDAP”) acquired 79.7% equity interest in Apex Systems Pte Ltd (hereinafter referred to as “FirstApex”), on 7 June 2010, a milestone in NTT DATA Group’s global strategy to significantly grow its insurance solution business in Asia and other regions.
NTT DATA a listed Corporation with Revenues of US$12.3 billion, Net Income of US$522 million and around 32,000 employee strength is a part of NTT DATA Group, one of the 50 largest Companies in the world and among the largest SAP Implementers.
FirstApex being a leading provider of enterprise wide insurance solutions to the insurance industry globally, uses its strong insurance domain expertise built over two and a half decades and leverages state-of-the-art technologies, offshore development and other services dedicated to the insurance industry to deliver world-class solutions to its customers.
FirstApex will serve as a core company for NTT DATA Group to accelerate its global business expansion in the fast growing P&C and Re- insurance market. With FirstApex’s innovative solutions and in-depth industry experience, NTT DATA Group and NDAP aim to provide insurance companies with distinctive offerings.
The Support of NTT DATA Group and NDAP will further expand the global customer base and enhance the product development and implementation know-how with well-established and tested methodologies built up through their successful history in the IT industry.
FirstApex and EPAM partner in Russia and CIS to cater to a demanding Insurance Industry in the region
FirstApex Group has entered into a partnership with EPAM Systems, the top software engineering and IT Outsourcing (ITO) provider in CEE and Russia. Strengthening the company's presence in Russia and CIS, FirstApex has partnered with EPAM to further reinforce its focus of addressing and meeting the current and future challenges and needs of insurers, reinsurers and (re)insurance intermediaries in the emerging markets of Russia, Ukraine, Kazakhstan, Belarus, and Armenia.
NIPPONKOA is geared up to go live on FirstGen Neo 5j
NIPPONKOA Insurance Co., Ltd., the Japanese insurer is gearing up to go live on FirstGen Neo 5j, a fully web-based Non-Life Insurance Policy Management System from FirstApex for their Singapore operations. The FirstGen Neo application is on SAP NetWeaver platform.
Mitsui Sumitomo Insurance (MSI Korea) goes live on FirstGen Neo 5j
Mitsui Sumitomo Insurance (MSI Korea) has gone live with FirstGen Neo 5j. Post go live, MSI Korea is intending to attain higher operational efficiencies and achieve better market reach by quickly responding to the prospect's / customer's needs, be it churning out a quick quotation or an instant proposal or 'on the spot' policy schedule, and hence grow both its bottom line and top line.
FirstApex's Global Delivery Center now has a new address
FirstApex moves its Global Delivery Center located in Bangalore to a new facility - Ozone Manay Technology Park on Hosur Road.
The new facility was inaugurated by Mr. Murali - Chairman of "The Hindu" Publications.
Ozone Manay Tech Park,
'B' Block, 2nd Floor,
Garvebhavipalya, Hosur road,
Bangalore - 560068
Tel: +91 (80) 42100 400
Fax: +91 (80) 42100 421
Mitsui Sumitomo Insurance (MSI Tokyo) is geared up to go live on FirstRe Neo 5j
Mitsui Sumitomo Insurance (MSI, Tokyo) is getting ready to Go Live with FirstRe Neo 5j. Mitsui Sumitomo Insurance is one of the largest non-life Insurance Companies in Japan, and the largest Japanese Insurer of international business.
MSI insurance business is largely from domestic market. Insurance business underwritten from MSI overseas branches and subsidiaries are reinsured to MSI head office International department. Similarly, MSI domestic insurance business is reinsured through MSI Head Office - Reinsurance department. FirstRe Neo 5j system will handle all the Inward Reinsurance business for MSI.
Royal Sundaram goes live on FirstGen Neo 5j
Royal Sundaram Alliance Insurance Company Ltd. goes live on FirstGen Neo 5J, a fully web-based Non-Life Insurance Policy Management System from FirstApex.
FirstGen Neo 5J is a multi-line web-based policy administration system, which covers the life cycle of insurance operations from point of sale right through to the general ledger. It is a client centric solution providing organizations with the required flexibility and scalability, coupled with a very short time span for deployment.