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Thursday, October 11, 2007

Celent names 3i Infotech as a leading provider for Insurance technology services

3i Infotech, a global provider of IT solutions has been named a ‘Traction Index’ leader in a recent report from research and advisory firm, Celent, based on the analysis of key software vendors for the insurance industry in North America.

3i Infotech was also named a leading provider in the Full Policy Administration Systems category, based on the number of deals the company inked in 2005 and 2006.

"Leaders in our Traction Index are demonstrating strong market momentum among insurers, which gives them the kind of experience that many carriers are looking for," says Craig Weber, Senior Analyst with Celent and author of the report. The Traction Index is a weighted score that measures the volume and type of deals that software companies made during 2005 and 2006.

With a long-term focus on the insurance market, 3i Infotech has augmented its insurance software offering PREMIA to deliver an integrated solution for insurance companies around the world.

Commenting on the achievement, Mr. Hari Padmanabhan, Deputy Managing Director, 3i Infotech, said “Over the last five years in particular, we have invested significantly in creating a solution that can effectively address Insurance companies the world over. This is of particular interest to Insurance companies who want to migrate to or invest in a technology platform that will enable them to compete effectively in the rapidly changing insurance market. This Celent report is an acknowledgement of US market`s acceptance of PREMIA”.

The company provides services to more than 100 customers globally, with PREMIA having a good patronage from insurance companies among its client base.

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