Onsite Media Contact:
Mark Strickland

Zensar Technologies (www.zensar.com)

(512) 968-2808

IASA Booth Number: 1038

2014 IASA Press Submission

Zensar Technologies Launches Reinsurance Solution to Help Insurers Centralize Their Reinsurance Management At Zero CAPEX

There is increasing interest among primary insurers in reinsurance solutions that provide recordkeeping and execution capabilities to make reinsurance programs provide the value they were designed to provide. The main reason behind this interest is that today also Reinsurance Management remains a highly manual activity for many primary insurers. It is very time consuming activity and unable to generate accurate and reliable information to provide a complete view of reinsurance engagements.

A ceded reinsurance system has five core elements: contract administration, underwriting support, a premiums and commissions calculation engine, a claims calculation engine and technical accounting functionality.

Zensars Reinsurance solution ; by covering all these core elements and by connecting with current data warehouses or existing systems for inwards claims, premiums, policies and risks, acts as a central reinsurance system giving a consolidated view of the reinsurance program at the corporate level.

Zensars Reinsurance Solution is powered by Prima Re„¢ which is the first ever Reinsurance Management System built on the ACORD Information Model; ensuring organizations have the best standard support and seamless integration with ACORD messages.

For this solution, Zensar partners with Insurers through Platform-as-a-Service model, enabling them with easy and quick adoption to their reinsurance departments.

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Company Name: Zensar Technologies (www.zensar.com)

About Zensar Technologies (www.zensar.com): Zensar Technologies is among the top 13 software services providers from India. The world's first enterprise-wide SEI CMM Level 5 Company and now certified as a CMMI Level 3 Company, Zensar has industry expertise that spans Manufacturing, Retail, Healthcare, Banking Financial Services and Insurance. An RPG Group company, Zensar has 6,500+ employees with sales and operations presence across US, Canada, UK, Europe, Middle East, South Africa, Singapore, China, Australia and Japan. The Company delivers comprehensive services for mission-critical applications, enterprise applications, business intelligence, CRM, Business Process Management and in new technologies like Social Media, Mobility Analytics and Cloud (SMAC). Zensar also provides innovative Infrastructure Management solutions that enable leading companies worldwide to optimize, secure, manage and support their mission-critical infrastructure. Using its multi-shore capabilities, Zensar combines expert consulting, integration and support services with world-class customer service to help IT organizations reduce costs, increase efficiencies and manage risk better. The Company has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), which enables its clients with innovative business solutions and a rapid go-to-market capability. The Company supports Fortune 500 clients with software business solutions to simplify, optimize and accelerate their business helping them compete in the digital economy.

PR Contact Name: Unnati Gajjar
Mobile Number: 9.1860010086e+011
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