Co-operative insurance opts for state-of-the-art software solution from Informatics
November 2004. Co-operative Insurance Company Limited (CICL) has selected locally & internationally renowned software solutions provider, Informatics International Limited (IIL), to automate their General & Life Insurance operations.

CICL has chosen “Info-Ins”, the flagship Insurance Solution developed by Informatics to provide an integrated component based business solution supporting all its major business processes. The solution from IIL will also enable efficient customer support services and effective communication between customer and CICL. Co-operative Insurance Company Limited has been in operation since 1999 and has a network of 20 branches.

Speaking on the occasion Mr. Upali Herath, Managing Director of CICL stated, “CICL is a unique Insurer in Sri Lanka offering innovative and cost-effective insurance products and services to all segments of the population. It also provides protection against a wide-range of business
risks to the Corporate Sector. Informatics’ track record in the Insurance Industry coupled with the related services and solid references was the key factor in selecting IIL as our IT partner for the future.”

The flagship insurance solution, “Info-Ins” developed by Informatics, caters to all aspects of both General & Life Insurance. Info-Ins is a fully integrated web based state-of-the-art insurance system encompassing the full policy lifecycle from Quotation, Underwriting and Receipting through to Re-insurance, Claims, Bonus, Policy Servicing, Sales & Marketing, Unearned Premium Reserve and Commissioning. The customer centric, high performance, scalable, open interfaces for integration and the dynamic product builder allowing extensive parameterization and process re-engineering are just some of the noteworthy features of the solution.

“Like other products before this, Informatics will shortly be taking the Info-Ins solution to the international market place and CICL would be another important reference in this quest” explained Mr. Suresh Bartlett, Director, IIL.

Informatics has been in the forefront of providing IT solutions since its inception in 1983. In addition to the domain expertise of it’s qualified and experienced software professionals of over 400 staff, it’s own portfolio of solutions are it’s greatest assets. In addition to Info-Ins, other industry specific software solutions developed and implemented by IIL are AvaBill for Telecom, InfoBank for Banking & Finance, InfoPOS for Retail and InfoBorder for the Immigration among others.