In the past year more people and business are equipped to purchase insurance, and regulatory and insurance systems have become more complex and sophisticated leading to re-growth in the economic market. The Asia-Pacific region presents many significant opportunities for insurers seeking growth, as many markets in the region have expanded due to the increasing number of consumers purchasing insurance and regulatory systems across the region, becoming more sophisticated.
IT solutions for the insurance industry are provided for many major business lines including life, health, annuities, pensions, property and casualty, reinsurance, and asset management. Insurance software and services support functions from the front-office through the back-office—from customer service and policy administration to actuarial calculations, financial and investment accounting, and reporting.
The core concept behind utilizing IT solutions for insurance companies is to enhance customer services and assist stakeholder tasks. Insurance solutions help businesses capture growth opportunities, improve regulatory compliance and optimize overall performance. Informatics provides specialised solutions such as InfoIns. InfoIns is a convergent product that is designed for Insurance companies of all forms. It provides critical features such as underwriting, claims and Re-insurance amidst many other facilities.