Global provider of IT solutions 3i Infotech has released the latest version Premia 11j, a comprehensive core Insurance solution for individual and group life business. The product covers end to end automation of insurance life cycle across customer acquisition, underwriting, re-insurance, policy administration, distribution management, persistency and claims management. The solution is built on a state of the art Java platform and robust Oracle database to deliver a scalable, stable, functionally and technologically superior product, said 3i Infotech. Premia 11j Life Insurance addresses both conventional and takaful markets across Asia-Pacific, South Asia, Middle East and Africa and the solution provides insurers with unparalleled flexibility to manage product offerings and distribution across a wide spectrum of the sector, it said. Madhivanan Balakrishnan, MD & Global CEO, 3i Infotech, said leveraging the single system approach of Premia 11j, life insurance sector can choose to deploy a solution based on business priorities. This ensures simplified transformation journey and faster realization of modernization benefits.
