Jordan’s IGI purchases IRIS underwriting system
RebusIS, the insurance technology solutions provider, has entered into a contract to supply its IRIS underwriting system to the International General Insurance Co. (IGI). IGI is an underwriting company based in Amman, Jordan, writing worldwide energy, marine, and commercial/industrial property business. The contract consists of the initial license fee in addition to related services.
“The IGI contract represents another significant move forward for IRIS and further develops our footprint in the Middle East,” said RebusIS CEO Robert Gogel. Waleed Jabsheh, vice president of IGI, said: “Following six months of discussions, we have chosen to establish our relationship with RebusIS with the purchase of the IRIS underwriting system.”
“We are confident that this implementation will add significant value to our business. The IRIS solution will provide us with a tool enabling us to better manage our operations and book of business thereby increasing business efficiency while simultaneously improving the security and accuracy of our data."
IGI is incorporated in the Hashemite Kingdom of Jordan, with operating headquarters set up in Amman, Jordan. With an incorporation date of October 4, 2001, IGI commenced underwriting operations on March 1,2002. IGI writes worldwide facultative direct and reinsurance business, with its principal classes being energy, marine, and commercial/industrial property. Fully paid-up capital for 2002 is $50 Million.
RebusIS, insurance technology solutions provider to the international commercial and personal lines insurance market, is headquartered in the City of London. RebusIS leads the field in its chosen markets: London market, international property and casualty (p&c) and reinsurance. In addition, RebusIS supplies business-to-business e-commerce and insurance/IT resources and provides FM and IT services from its purpose-built facility in Southend, UK.
RebusIS has local offices in its key international markets in the US, Bermuda, India, Malaysia and Thailand. IRIS is the most popular underwriting system in the London insurance market and is implemented in Lloyd’s, London Market companies, and reinsurance companies around the world including Bermuda, USA, Europe and the Pacific Rim. — (menareport.com)
© 2003 Mena Report (www.menareport.com)