FirstApex launches Europe operations

By SiliconIndia   |   Friday, 27 June 2003, 07:00 Hrs
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BANGALORE: India based First Apex Friday announced the formation of FirstApex Europe Limited, that addresses the business and technology challenges facing European Insurers.

FirstApex Europe has set out a '3S Strategy - of Support, Supplement and Substitute'. With the capability of off-shore resources allied to market specific knowledge FirstApex Europe offers Insurers support propositions that will dramatically cut the cost of maintaining legacy applications and IT infrastructure. With the ever-changing business needs of Insurers, FirstApex Europe has a series of 'Supplementary' software components that integrate with and extend the functionality of existing applications in key areas such as claims and supply chain management, channel management, data warehousing and first notice of loss. Finally, FirstApex Europe has the ability to 'Substitute' back office systems in both the General Insurance, Life Assurance and Health Insurance markets, based upon new technologies, yet able to run on established platforms such as AS400, the company claimed.

Arvind Tiwary, Group CEO of FirstApex added, "FirstApex has provided leading global insurers with technology based services and solutions for over a decade. As one of the most important insurance markets in the World, Europe has been in our sights for some time. With our 3S strategy we are recognizing both the time and cost pressures that insurers face. We are confident that First Apex Europe is well placed to have a significant impact in the market."

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