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Polis Direct Expands Market Reach with the New Generation of IDIT™ Software Suite

Date: 06/06/2007

 
Web-enabled platform and full Service Oriented Architecture (SOA) to increase competitive advantage

IDIT I.D.I. Technologies Ltd., announced today the successful go-live of the new generation of IDIT™ Software Suite at Polis Direct B.V. This new software platform enables Polis Direct to expand its market reach and increase its competitive advantage through new sales channels and alliances, while leveraging IDIT™ modern Service Oriented Architecture (SOA) and web-enabled platform. 
 
The new generation of IDIT™ Software Suite provides Polis Direct with an advanced set of tools to support their business growth including rapid introduction of new insurance products backed by efficient and flexible business workflows and geared to streamline the business processing. The IDIT™ Software Suite was developed specifically according to a component-based modular design, known as Service Oriented Architecture (SOA), empowered by cutting-edge technologies, such as J2EE architecture and XML information exchange.  
 
"The most important success factor of IDIT™ is the comprehensiveness of the solution – all traditional back office insurance functionality is available in a paperless and workflow-supported environment.” said Wolter Bosch, ICT Manager, Polis Direct BV. “With the successful migration to IDIT's latest generation software, we enjoy rich functionality, backed by a state-of-the-art web-enabled platform. We are now able to open up our systems for online business with existing and new customers, directly as well as via business partners such as affiliated channels; this is precisely what we are currently doing in follow-up projects with IDIT."
 
“We are encouraged by the successful implementation of the new generation of IDIT™ at Polis Direct.” said Yoel Amir, CEO, IDIT Technologies. “For five years now Polis Direct effectively uses IDIT software for all of its insurance activities yielding extended value from their initial investment. We are committed to this trusted partnership with Polis Direct and are looking forward to continue providing our customer the best insurance technology solutions that will increase their competitive advantage in this dynamic marketplace.”
 

About Polis Direct:
Polis Direct BV, a progressive Dutch insurer, began operating in 1995 using the same principle as Direct Line from the United Kingdom. Polis Direct offers its new clients a 10% lower premium than what they are currently paying for car insurance.
For more information: www.polisdirect.nl

 
About IDIT:
IDIT I.D.I. Technologies Ltd. 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 is a member of the Formula Vision group (TASE: FVT) and employs over 100 insurance and IT experts across Europe, APAC and Israel. Its clients include Groupama, Delta Lloyd, AON, PolisDirect, Winterthur 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 IBM, BSB, and CapGemini.
 
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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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