IDIT I.D.I. Technologies Ltd., announced today the successful go-live of IDIT™ Software Suite at L&T Insurance (
www.ltinsurance.com), a member of the Larsen & Toubro group of companies (
www.larsentoubro.com). The project encompasses the implementation of IDIT software as a state-of-the-art technological platform for policy administration, and was conducted jointly with L&T Infotech, IBEXI Solutions and IBM India.
The new software platform provides the technological foundation that integrates all the necessary business functions for a deeper customer connect via a unified brand experience. This includes the deployment of motor, property, fire and engineering, while additional business lines, such as commercial liabilities, health, travel, marine, etc. will follow. This easy-to-use,
SOA (Service Oriented Architecture) based software platform is designed to provide access to the customers anytime, anywhere.
Mr. Joydeep Roy, Chief Executive of L&T Insurance said, “It has been our endeavor to build a state-of-the-art technology driven company that will deliver world-class services to all our stakeholders – both intermediaries and end customers. The implementation of the IDIT software is a significant step in that direction. This software gives us an ability to integrate with any
document management system seamlessly. We are confident that the IDIT software is an excellent solution to support our business growth.”
“We are very encouraged by the successful implementation of IDIT™ Software Suite at L&T Insurance” said Yoel Amir, CEO, IDIT Technologies. “This project will enable L&T Insurance to realize the benefits of a policy processing platform yielding extended value from their investment. We look forward to continue helping L&T Insurance to increase their competitive advantage in this dynamic marketplace.”
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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 165 insurance and IT experts across Europe, APAC and Israel. Its clients include Groupama, Eureko, Interamerican, MMA, PolisDirect, IAK, Vanbreda, RAC Insurance, DirectAsia 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, HP, PwC, JMR, BSB, IBEXI and others.
About L&T Insurance:
L&T General Insurance Company Limited is a wholly owned subsidiary of Larsen & Toubro Limited. The company will provide a complete range of Retail and Institutional insurance solutions catering to the needs of Individuals, Small and Medium Enterprises and Corporates with business lines that include Property & Casualty, Automobile, Health, and a special focus on Rural and Micro Insurance. With its prudent underwriting approach and world class technology support, L&T Insurance endeavors to provide appropriate and meaningful range of products and services across diverse customer segments.
About L&T Group:
Larsen & Toubro Ltd. is a USD 9.8 billion technology, engineering and construction group, with global operations. It is one of the largest and most respected companies in India’s private sector.
A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.
L&T has a presence in the financial services sector through L&T Finance Holdings (LTFH) and L&T Insurance. LTFH is a financial holding company offering a diverse range of financial products and services across corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries - L&T Finance Ltd. (LTF), L&T Infrastructure Finance Ltd. (LTIF) and L&T Investment Management Ltd. (L&T Mutual Fund).
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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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