Info tech company moves to address underwriters’ policy challenges with new software
ATB Techsoft Solutions Limited, an information technology and software development company, has revealed a unique software solution called “Ultisure” that will help bridged gaps in insurance operations.
The Chief Executive Officer, Abiodun Atobatele, at the unveiling in Lagos, said the solution will revolutionize insurance operations in Nigeria, and placed the industry at the same level with her counterparts in other climes.
He said Ultisure is suite of software solutions for Insurance Policy Administration, stressing that with the flexibility and robustness that software ships with, customers are at liberty to create any insurance product irrespective of the complexity level and commence underwriting operations as quickly as possible.
He noted that the software handles core insurance processes and has additional features that compliment these processes and could be decoupled as independent systems.
“We are very proud of what we have achieved with this solution we are releasing to the market, which stands its own amongst any currently in the market. This solution is a result of seven years of dedication, hard work, research and investment. Which could not have been achieved without our software architects, whom can be ranked amongst the smartest people in the World.
“What we have done is to offer software solutions of higher standard and functionality to the market as against what most organisations are purchasing offshore and at a much lower cost. This means Nigerian organisations do not have to spend hundreds of thousands of dollars to procure Software abroad,” he said.
He noted that available data from the National Office for Technology Acquisition and Promotion (NOTAP), showed that organisations in Nigeria spend over $1billion annual to procure Software, adding that “Our unique solutions are coming at a time to ease Nigerians business the demand for forex. The only way we can create thousands of technology jobs in Nigeria is when the government through enforcement of existing laws and regulations on Local Content that makes it compulsory for companies to buy Software developed in Nigeria by Nigerians,” he added.
Atobatele posited that the software guarantees data security and integrity for customers, adding that it is SSL/HTTPS compliant and is 2 – factor authentication compliant and ready to plug into any required security technology by the client.
He said the software is high availability and disaster recovery ready, adding that it also provides support for generating quotes and proposals and coverts proposals to policies.
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