– Multi-year agreement, valued at several million Euros –
IDIT I.D.I. Technologies Ltd., announced today that
Euler Hermes, the world’s leading credit insurer, and a member of the
Allianz Group, has licensed
IDIT™ Software Suite as their centralized solution for core credit insurance business.
IDIT™ Software Suite will be deployed as the common application for full value-chain coverage in four countries, where Germany is the pilot followed by UK, Italy and France. The new platform will allow Euler Hermes implementing superior functionally of Policy Administration, Product Factory, Rating, Underwriting and Workflow Rule Engine across multiple channels, in full SOA-based integration with the insurer’s best of class credit intelligence network.
Florence Lecoutre, CIO at Euler Hermes commented: “We selected IDIT for this mission-critical project because of its intuitive, guided modern and customer–oriented user interface, associated with impressive workflow and business rules engines, based on a structured architecture that completely fit with Euler Hermes tailor-made credit-insurance business.”
Yoel Amir, CEO, IDIT Technologies added: “We are proud of being selected by Euler Hermes, the world leader in credit insurance, for this cutting-edge project. We are dedicated to the success of this partnership and look forward to providing the best insurance technology solution that addresses Euler Hermes’s global strategy.”
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About Euler Hermes
Euler Hermes (www.eulerhermes.com) is the worldwide leader in credit insurance and one of the leaders in the areas of bonding, guarantees and collections. With 6,000+ employees in over 50 countries, Euler Hermes offers a complete range of services for the management of B-to-B trade receivables and posted a consolidated turnover of € 2.15 billion in 2010.
Euler Hermes has developed a credit intelligence network that enables it to analyse the financial stability of 40 million businesses across the globe. The Group insured worldwide business transactions totalling € 633 billion exposure end of December 2010.
Euler Hermes, subsidiary of Allianz, is listed on Euronext Paris. The Group and its principal credit insurance subsidiaries are rated AA- by Standard & Poor’s.
