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-UK unit of Generali implements solution from Agencyport Software.

Global Banking News-May 3, 2012--UK unit of Generali implements solution from Agencyport Software(C)2012 ENPublishing -

Global Banking News - 03 May 2012

The UK unit of Assicurazioni Generali Assicurazioni Generali S.P.A. is the largest insurance company of Italy.[1] It is headquartered in Trieste.

Under the name of Imperial Regia Privilegiata Compagnia di Assicurazioni Generali Austro-Italiche, the company was founded on December 26, 1831.
 (BIT: G) has announced that it has implemented a solution from Agencyport Software.

The non-life policy-administration system, Open Co+, has replaced the firm's core administration system. The new solution is claimed to offer a single, flexible system that features built-in underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
, accounting, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract.  and claims processing functionality.

Rajeeva Aluwihare, head of IT at Generali UK, said, 'Our legacy IT systems were becoming obsolete and we needed to upgrade. This implementation has taken commitment, co-operation and support from all parties throughout the project, and Agencyport's experience has been instrumental in terms of the system functionality and in handling the inevitable data gaps that come with tens of millions of legacy policy, claims and accounting records.'

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Publication:Global Banking News (GBN)
Date:May 3, 2012
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