 "ACE Purchases Insurance Solutions From 3i Infotech")
ACE Asia Pacific, a part of the ACE Group of Companies, global players in insurance and reinsurance, announced its decision to implement 3i Infotech’s PREMIA, an integrated insurance management solution for its rapidly expanding Small/Medium Enterprise (SME) and Personal Lines businesses in the region.
The PREMIA insurance management solutions suite is designed to perform functions such as underwriting/policy administration, claims management, reinsurance and accounting from a variety of distribution channels.
ACE will pilot the implementation of PREMIA in Australia and thereafter in selected markets around the region. IBM has been selected to provide the hardware for this project.
According to Damien Sullivan, chief operating officer, ACE Asia Pacific, “Our multi-million dollar investment in PREMIA sends a strong signal to the market that we are committed to growing our commercial lines businesses. ACE is keen to access the middle and retail markets which are increasingly web-savvy.”
“ACE happens to be the Third Fortune 500 insurance brand across Life and General Insurance space to sign up with us in the Asia Pacific Region in recent times,” said Hari Padmanabhan, deputy managing
director, 3i Infotech.
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