Bangalore, Nov 6 (UNI) FirstApex Group, a leading provider of specialised IT solutions for insurance sector, today launched two new products--'FirstGen Neo 5J and FirstRe Neo 5J'.
FirstApex Group Company Chairman Suresh Prabhu told newspersons here that while 'FirstGen Neo 5J was a property and casuality insurance policy management system, 'FirstRe Neo 5J' was a fully integrated reinsurance system.
Both the system were designed and architected using SOA on J2EE platform.
The company had implemented its earlier products in Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Japan, India, China and Korea.
''In the current business environment the insurance industry in the region is facing extremely difficult and varied challenges like high growth rates, distribution, increased competition and regulatory pressures.
With the new products, FirstApex will be among the very few players worldwide offering non-life and reinsurance solutions in new J2EE technology,'' he added.