Independent Research Report Profiles IDIT as One of the Companies That Are Reinventing Insurance Information Technologies
July 5th, 2009 – IDIT I.D.I. Technologies Ltd. announced today that it was named among the hot insurance tech companies to watch in 2009, by Forrester Research Inc. According to the report, these
insurance software companies are noteworthy because of their inventive approaches and solutions that address new models for insurance IT operations.
“Expanding into new markets has significant implications for global carriers” says the Forrester report. “IDIT has identified the need for globally relevant core insurance platforms among insurers worldwide”. “The IDIT software suite offers multi-language and currency support, making it appealing to carriers looking to expand into new markets”. “Also notable in the company’s offering is the Product Factory, which allows global carriers to quickly create new products; it also versions existing products to meet the needs of new markets. Because these changes get made as part of product set up and not software code changes, the impact on the carrier’s IT organization is negligible,” concludes the report.
Commenting on the report, Mr. Yoel Amir, CEO of IDIT Technologies stated: “We are honored to be named by Forrester as a hot vendor to watch by insurance companies. Like the entire financial services sector, insurers are in search of inventive SOA-based packaged software solutions in order to adapt to the new reality in the global economy. Despite and maybe because of the financial turmoil, we are seeing a significant uptake in the interest in IDIT™ Software Suite among insurance companies.”
About IDIT:IDIT I.D.I. Technologies Ltd. (www.idit-technologies.com) is a global provider of enterprise software solutions for the insurance & financial markets. Our solutions are based on IDIT™ Software Suite – an enterprise software product which integrates the business capabilities essential for any insurance provider.
Founded in 1998, IDIT I.D.I. Technologies Ltd. is a member of the Formula Vision group (TASE: FVT) and employs over 120 insurance and IT experts across Europe, APAC and Israel. Its clients include Groupama, Eureko, Interamerican, PolisDirect, IAK, Vanbreda, RAC Insurance, and Direct Insurance Financial Services among others. The company also has a number of strategic partnerships with leading systems integrators and consulting firms such as HP, IBM, PwC, BSB, Ibexi and others.
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Except for historical information contained herein, The matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the company's accounting policies and other risk factors.
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