Zimbabwe, 3rd February 2010
Heritage Insurance strengthens foundation with AGILIS Core Insurance Software from Agile Financial Technologies

Heritage Insurance, Zimbabwe, one of the top 5 insurance carriers in terms of profitability in Zimbabwe have signed an agreement with Agile Financial Technologies, the leading player in Banking, Financial Services and Insurance to implement its software, Agilis Core Insurance.

The selection of the core insurance software from Agile FT was made after an extensive evaluation process that included detailed workshops and site visits to existing clients of the software.

Heritage Insurance is poised for growth and was desirous of laying a technology foundation that would seamlessly integrate all business functions including client acquisition, underwriting, reinsurance, claims, accounting and extensive reporting.

Agilis Core Insurance Software will create the technology foundation for Heritage Insurance’s growth strategy and will provide a modular, web-based platform integrating the entire business cycle from underwriting and claim management to reinsurance and accounting.

Speaking at the signing ceremony, Managing Director of Heritage Insurance, John Mungure, said “We chose Agile FT over other vendors due to the availability of local support, rich functionality, integrated accounting package, reasonable pricing and a credible management team. We believe that the new system will help us achieve reporting flexibility and consolidation of accounting figures, which are one of the most challenging areas for us today”. Mr. Mungure has also mentioned, that this new investment in Technology will help the company deliver better customer service, new product development and broker-on-line underwriting services.

Mr. Kalpesh Desai, Chief Executive Officer of Agile Financial Technologies said “We are honoured to be appointed as Heritage Insurance’s technology partner and are committed to the successful deployment of our project on-time, within budget and look forward to exceeding their expectations”.

“This confirms yet again that Agilis is the right technology backbone, with the scalability and flexibility to match the growth pace in emerging Insurance markets. We are confident that our partnership with Heritage will give them a competitive edge, help them grow their business and provide customers with an innovative insurance service experience,” said Munya Mateko – CEO – FinSys Zimbabwe who is Agile FT’s partner for Southern & Central Africa.

Agile Financial Technologies (Agile FT) is a global technology partner to key players in the BFSI (Banking, Financial Services and Insurance) sector in emerging markets. The company has offices in the UAE, Singapore and India and extends its reach through partners in Latin America, Central & Eastern Europe, Middle East, Africa and the Asia-Pacific regions.

Agile Financial Technologies has been increasing its customer footprint in Africa in the past one year, with over 10 institutions in the region signing up to deploy Agile FT's products and services.