Bangalore, Nov 6 (UNI) FirstApex Group, a leading provider of specialised IT solutions for the Insurance Sector today announced the launch of two new solutions.
FirstGen Neo 5J, a property and casuality insurance policy management system and FirstRe Neo 5J, a fully integrated reinsurance system had been designed and architected using SOA on J2EE platform.
Company Chairman Suresh Prabhu said the design of the new products inculcates ease in extensibility, interoperability and configuration to suit any deployment.
FirstApex a strong player in Asian region with IT solutions had implemented its earlier programmes 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 among which are the need to handle high growth rates, new challenge in distribution, increased competition in a tariff-free environment and regulatory pressures. With the new launches, FirstApex will be among the very few players worldwide offering non-life and reinsurance solutions in new J2EE technology," he added.