3i Infotech has announced the successful implementation of its Premia Insurance Suite at FBN Insurance, Nigeria, one of the leading life and general insurers in the West African country.
3i Infotech and FBN Insurance successfully deployed Premia Life solutions in 2011. The Life module streamlined day-to-day operations enabling FBN Insurance to exceed policyholder service expectations. FBN Insurance expanded their product offering and entrusted 3i Infotech with the deployment of Premia Group Life in 2013.
Early in 2014, FBN Insurance entered the competitive General Insurance market through the acquisition of a general insurance company. Once again, 3i Infotech was called on to deploy Premia General Insurance along with document management and workflow solutions. These deployments were successfully concluded as per project timelines in January 2016.
Building on the strength of the relationship, FBN Insurance recently awarded 3i Infotech with a mandate to streamline Annuity operations through the deployment of Premia Pensions, and roll out an e-portal solution spanning both the life and general insurance businesses. This deployment is on track for conclusion mid-2016.
Through these solutions FBN Insurance has a competitive edge in achieving its business strategies through technology.
Johan Schalkwyk, chief operating officer at FBN Insurance, comments: “3i Infotech meets our expectations by consistently delivering system solutions customized for the Nigerian market whilst supporting our strategic objectives and exponential growth. Their ability to keep promises and deliver on time has turned them into our preferred IT partner.”
Rakesh Doshi, executive vice-president and global delivery head, adds: “We are thankful to FBN Insurance for choosing the entire Premia Insurance Suite. 3i Infotech is committed to working as a strategic partner in the growth of business with FBN Insurance.”