3i Infotech, a global provider of IT solutions and services and one of India’s largest and fastest growing software product company, has won the 2005 Service Provider of the Year award at the 9th Annual Asia Insurance Awards held in the Ritz Carlton Millenia, Singapore on September 26, 2005. Constituted in 1997 to encourage and salute excellence in the insurance industry, the award recognizes the pioneering work, contribution and commitment to the industry worldwide.
Audited by KPMG, a panel of 22 eminent persons comprising industry regulators, insurance CEO’s and industry association heads from Asia and across the world, decided the awards across 14 categories of excellence for the insurance industry. Previous winners for the service provider category included PriceWaterhouseCoopers, IBM Insurance Group and Trowbridge Deloitte. The key criteria for selection included excellence in market understanding, product innovation and outstanding standards of service.
While giving away the award for the service provider category, Renato de Guzman, CEO ING Asia, said in his speech, “In what is always a hotly contested category, 3i Infotech impressed judges with its ability to offer a vast range of one-stop solutions catering to all aspects of the insurance business including life, non-life, health, broker market and Takaful (Islamic Insurance) business. This is coupled with extensive use of mobile and internet computing, based on alternative distribution channels.”
Acknowledging the award Hari Padmanabhan, Executive Director and President 3i Infotech said, “Recognition of our efforts in the insurance business by way of the Asia Insurance Industry Award is extremely encouraging and we are honoured to receive this prestigious award. It is an evidence of our strong customer focus and commitment to deliver quality products and support our customer requirements. 3i Infotech will continue to deliver world class solutions that facilitate rapid channel expansion by enabling creation of virtual operations in the insurance business.”
Mr. V Srinivasan, Managing Director & Global CEO, 3i Infotech added “We reaffirm our commitment to continued and enhanced investments in development of both Premia as a product and our insurance practice to continually provide customers the IT platform required to give themselves the competitive edge.”
3i Infotech’s global Insurance customer base has increased 40%, with over 70 insurers across 30 countries. In Asia, this growth has been significant, as the number of customers has increased by 60% to 48 insurers. 3i Infotech’s EMEA operation headquartered in Dubai, provides the region technology and functional support required to ensure compliance with both regulatory and local norms.
3i Infotech Limited (www.3i-infotech.com) provides information technology solutions through its range of solutions for banking, finance, insurance, e-Governance, manufacturing, retail and distribution. Its software business is SEI CMM Level 5 compliant and is ISO 9001:2000 certified for its Infrastructure Services.
Using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, IT infrastructure and disaster recovery solutions. 3i Infotech serves customers in 45 countries and has a presence across 4 continents and is the fastest growing products company in India and internationally*. It is rated amongst the top 3 ERP companies in Middle East and Africa (MENA) region. **
The Asia Insurance Industry Awards were started in 1997 as a showcase of excellence, selected by peers and leaders in the industry. The judging panel, which form the backbone and crowning glory of the Awards, represent a mix of eminent dignitaries, business leaders, association heads and Insurance Industry regulators from around the region and across the World.
The Awards recognize various corporate and individual contributions and pioneering work in the field of insurance, ranging from general, life insurance Company of the year, loss adjustor of the year, innovation of the year to others like website of the year, personality of the year and so on.
Sponsors of this year’s awards included AIG, Allianz Re, Central Re, HSBC, ING, Jardine Lloyd Thompson, Manu life, Millea Asia, Munich Re, Swiss Re, Gallagher Re, Toa Re, and hosted by The Review and the Asia Insurance Review (AIR) magazine.
