ICICI Infotech’s PREMIA Launched

June 9, 2003

ICICI Infotech, the global technology solutions company, has launched PREMIA an integrated insurance management system for insurance companies. PREMIA is an enterprise-class solution that offers a complete solution to insurance companies.

In the United States PREMIA is being targeted at medium and small insurance companies with the focus on property and casualty line of business.

PREMIA addresses all the major functions of insurance companies like
a) Underwriting, including proposal and policy administration
b) Claims, including claims registration, reserves and settlement
c) Re-insurance
d) Financial Accounting

ICICI Infotech (www.icici-infotech.com) has developed PREMIA as a modular solution, which gives the insurance companies an ability to select single or multiple components, ensuring a lower total cost of ownership. For example, a business can select just the Policy Administration module, which will integrate with a company’s existing back end systems.

Complementing the above features, PREMIA’s Interactive Insurance solution integrates insurance companies with agents, brokers, re-insurers, customers and prospects.

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