Software AG South Africa has appointed Business Edge Systems as its implementation partner for the Versis insurance solution.
Devon Dalbock, Director of Software AG South Africa, says Business Edge Systems is a recognised implementation specialist in the insurance market sector.
"Business Edge has extensive experience in this field, as well as process-specific knowledge of core insurance procedures," Dalbock says.
Business Edge Systems specialise in implementing and supporting strategic solutions for Africa's insurance and banking sectors.
Karen Malkin, Director of Insurance, Business Edge Systems, says the rate of change in the financial services industry is driven by factors such as regulatory compliance, security, the business environment and technological innovation. "It requires systems which are responsive and rapidly improve business performance in complex and competitive environments," she says. "Versis meets these requirements, providing South Africa's insurance organizations with a fully integrated, industry-specific solution which plays a pivotal role in their quest to successfully retain and increase market share, attract third-party distributors and grow profitably."
Developed by Software AG in conjunction with industry leaders, Versis expedites the process of making underwriting decisions and issuing policies, supports frequent product introduction and speed-to-market, and provides access to up-to-date information in real-time. It is based on one consumer-friendly central repository and enables complete product portfolios to be defined, managed and controlled in real-time.
"Versis has been developed for the integrated processing of all lines of business, from product definitions to policy administration and claims, covering all core insurance business areas," Dalbock says. "The XML-oriented eBusiness Connector makes Versis especially suited to a service-oriented architecture (SOA). To meet the needs of the business, the system can be used in addition or as a replacement to individual business-related modules."
The solution offers cross-market support on areas such as standard insurance for private and business customers, personal insurance and group insurance.
"Versis is the competitive software solution for insurers, enabling them to react quickly to meet new market challenges," Dalbock says.
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