Agile Financial Technologies, a leading software provider for insurance, banking and financial services sectors, today announced that Agilis Core Insurance suite was ranked and included in the prestigious Celent report for EMEA Policy Administration Systems 2013: Life, Annunity, Pension and Health ABCD Vendor View. Agilis Life, Pension and Annuities, and Agilis Health Insurance were selected based on strict inclusion criteria and evaluation process by Celent, a leading research and consulting firm focused on the application of information technology in the global financial services industry.
“Being recognised by Celent and having Agilis Life, Pensions and Annuity profiled within the latest Celent EMEA Policy Administration Systems 2013 Report is a significant validation of our capabilities in the Life, Pensions and Health insurance technologies,” said Kalpesh Desai, CEO, Agile FT.
Based on customer feedback, Agilis Life, Pension, and Annuities, featured within the full profiles section of the report, has received its highest rating at 4.9 out of 5.0 for its post-implementation services and received a 4.4 rating for ease of integration and systems’s configurability performance. Customer references also highlighted the fully integrated solution covering the entire business cycle and general ledger with fast, simple and flexible parameters used to create new insurance products and well-defined workflow covering all the steps of insurance business, from underwriting to claim management, reinsurance and accounting. Also emphasised were the ease of integration with 3rd party add-ons and flexible, integrated document management.
In its current report, Celent provides 28 full profiles of policy administration systems in EMEA and 21 limited profiles using its ABCD Vendor View, which is a representation of a vendor marketplace designed to show at a glance the relative positions of each vendor in four categories based on Advanced technology, Breadth of functionality, Customer base, and Depth of client services. The report is part of a series on policy administration systems (PAS) in EMEA, North America, and Asia-Pacific and reviews and profiles the life, pension, health, and annuities insurance administration systems available in the regions.
“Agile Financial Technologies has managed to meet the demands of the African market and the size of insurers competing in this continent in the recent past, and we think that with its Agilis Life, Pension and Annuities system, Agile Financial Technologies has a good asset to expand its client base going forward,” stated Nicolas Michellod, Senior Insurance Analyst at Celent.
“We are seeing an increased demand for core insurance software in EMEA and our energies are focused on ensuring that we build an edge using technological advances and deeper penetration in the markets we service. We are keen to consolidate our position and become market leaders in each region we operate in.” concluded Kalpesh Desai.
About Agile Financial Technologies
Agile Financial Technologies (agile-ft.com) is a leading provider of enterprise software to the banking, financial services and insurance sectors, with a growing customer community of leading banks, insurance companies, investment management firms and financial institutions across 20 countries. The company is recognized as an emerging market leader in the provisioning of software products to the BFSI sector by leading analyst firms and publications. Agile FT's investors include IDG Ventures, a global fund managing USD 6.8 Bn USD.
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies.