Bangalore, Sep 24: City based FirstApex Software Technologies, a leading provider of specialised IT Solutions for the insurance sector, today announced the launch of its two new IT solutions FirstGen Neo 5j, a Property&Causality Insurance Policy Management System and FirstRe Neo 5j, a fully integrated Reinsurance System.
FirstApex chairman Suresh Prabhu said in press release, "In the current business environment the Insurance Industry in the region is facing extremely difficult and varied challenges among which are the need to handle high growth rates, mind-bogging challenges in Distribution, increased competition in a tariff-free environment and increased governance and regulatory pressures".
FirstGen Neo 5j is a MULTI-LINE web-based policy administration system, which covers the full cycle of insurance operations from Point of Sale right through to the General Ledger. It is a client centric, flexible and scaleable solution and can be deployed in a short span of time.
FirstApex had developed these products using its valuable expertise and experience built up over the last two decades implementing specialised solutions for a variety of Insurance Companies from the UK, the US, Japan, Germany, France, Italy, Korea, Singapore, the release said.