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FGI Deploys Agilis Core General Insurance Solution

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Agile Financial Technologies, a leading software provider for insurance, banking and financial services sectors, announced that it has signed a contract with Focus General Insurance (FGI), who have recently acquired their license in Zambia, to deploy its general insurance solution – Agilis Core General Insurance.

Agile FT’s integrated comprehensive insurance solution will cover FGI’s entire business cycle from underwriting and claims management to reinsurance and accounting in addition to helping the company streamline its business processes and increase operational efficiency.

“In our quest to meet the changing needs of our marketplace as well as to meet our company’s strategic objectives, we were looking to implement a comprehensive core insurance software , which would not only automate our day to day tasks, but would also provide mobility and accessibility to our brokers, agents and customers. The solution also needed to be scalable, where it could easily be integrated with new technologies to aid our future growth and expansion in the region. After thoroughly reviewing a number of solutions from different vendors, we found that Agilis Core General Insurance came closest to meeting all of our requirements,” explained Issac Gunda, managing director of Focus General Insurance.

“Agilis will cover the entire spectrum of FGI’s operations and finance management including insurance product management and distribution (policies), underwriting, reinsurance, claims and accounting. It not only meets the end-to-end processing of our business requirements but it also has strong mobile technology integration capabilities as well as the ability to extend our outreach to agents over the web. We are confident that Agilis will help us streamline our insurance business processes, enhance operational efficiency and aid in scaling up the business to new geographical regions,” Gunda added.

Agilis Core General Insurance is an integrated comprehensive solution for insurance companies covering the entire business cycle from underwriting and claim management to reinsurance and accounting.

With a set of powerful tools, this solution is aimed at enhancing insurance business processes and other aspects of an Insurance company that directly leads to higher profitability.

Featuring multi-language and multi-currency support as well as consolidated financial information on multi-currency transactions, Agilis’ well-defined workflow covers all the steps of the insurance business from a single view of the customer profile to effective management with pre-configured reports, including MIS, as well as web-portals.

“FGI is a recently established general insurance company and a firm believer in technology being the foundation for growth and market penetration. After a stringent evaluation process, FGI chose Agilis Core Insurance as their technology backbone. Agilis is entirely web-based and ensures quick, accurate and easy access to information by employing a modular and parametric approach to the management of insurance business and deploying it enterprise wide. In addition to the core operational efficiencies that Agilis brings in, FGI will also be able to leverage our mobility solutions and web portals to automate agents and brokers. FGI’s time-to-market will be substantially reduced due to our comprehensive product configuration capabilities,” said Kalpesh Desai, CEO at Agile FT.

“We are working closely with FGI’s management and IT teams to ensure that the implementation is done quickly and the transition is smooth and successful. With this sign up, Agile FT has now consolidated its position as the market leader in the provisioning of core insurance software in the Sub-Saharan region,” he added.

FGI offers a wide range of structured general insurance for both commercial insurance products and retail/personal insurance products.

Currently operating only in Zambia, FGI plans to expand its business and reach across the African continent in the near future.

 


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E-Business

ISDL Achieves IMS Certification

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Integrated System and Devices Limited (ISDL), a major provider of electronic security solutions, is delighted to announce the successful attainment of ISO 14001:2015 and ISO 45001:2018 certifications following a rigorous audit process conducted by Bureau Veritas Certification Holdings SAS-UK Branch.

ISDL Achieves IMS Certification

In 2021, ISDL bagged the Quality management systems ISO 9001:2015, and now in 2024, with unwavering dedication to customer satisfaction, the occupational Health and Safety system ISO 45001:2018 and the Environmental management system ISO 14001:2015 have been consolidated to form an Integrated Management System.

These certifications, covering ISDL’s headquarters and branches, signify the company’s unwavering commitment to upholding the highest standards of quality management across all facets of its operations.

According to Oluseun Mabogunje, managing director of ISDL, the scope of the certifications encompasses the design, procurement, supply, installation, integration, maintenance, and after-sales support of various electronic security and Extra Low Voltage (ELV) equipment.

Mabogunje expressed his elation at receiving the IMS certifications, emphasizing ISDL’s dedication to delivering exceptional quality and service to its clientele. He emphasized that this achievement underscores the company’s ongoing pursuit of continuous improvement and customer satisfaction.

 

 

 


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Cybervergent’s Q1 2024 Report Reveals Rising Threat of Remcos RAT Malware in Financial Sector

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Cybervergent, a foremost technology company providing automated cybersecurity solutions, in its Quarterly Brief has revealed a troubling trend in the financial sector that shows a spike in attacks utilising the deceptive Remote Control and Surveillance Access Trojan (Remcos RAT) in Q1, 2024.

The findings affirm a stark forewarning to the financial institutions and organisations in the African continent, urging heightened vigilance and proactive measures to mitigate potential escalating risks.

Previously marketed as a legitimate software, Remcos got co-opted by malicious actors and is now a prevalent tool in cybercrime campaigns. This remote access tool grants attackers hidden entry into victims’ devices, allowing them to seize control, pilfer sensitive data, and even introduce stealth backdoors to compromise entire systems. The capabilities of Remcos are diverse and frightening, ranging from disabling vital security features like User Account Control (UAC) to covertly recording user activities.

“As vigilant cybersecurity gatekeepers, we have observed a significant surge in attacks leveraging the Remcos RAT malware,” said Gbolabo Awelewa, the Chief Solutions Officer, Cybervergent. “Financial institutions are particularly targeted due to the sensitive nature of their data and assets. Organisations must remain diligent and adopt proactive monitoring measures to safeguard against such threats.”

The proactive approach adopted by Cybervergent’s Cyber Operations Centre involves meticulous analysis of attacker tactics, constant updating of threat intelligence, and implementing robust endpoint security solutions. These measures are designed to detect, prevent, and neutralise Remote Access Trojans like Remcos, ensuring the continued security and compliance of organisations in the face of evolving cyber threats.

“Our mission is to fortify our clients’ defenses and ensure the seamless operation of their organisations,” added Gbolabo. “By staying ahead of emerging attack vectors and vulnerabilities, we empower businesses to take proactive measures and protect their valuable assets.”

Looking ahead, Adetokunbo Omotosho, Chief Executive Officer of Cybervergent emphasised the firm’s focus on empowering organisations to navigate the complexities of cybersecurity and compliance with dexterity and confidence.

“Cybervergent’s Assurance and Compliance Team has demonstrated unparalleled leadership in the cybersecurity domain, achieving significant milestones and delivering transformative solutions. Our journey through Q1 reflects a deep commitment to advancing the state of cybersecurity compliance, paving the way for a secure and resilient digital future for organisations in Africa and across the world”, he added.


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Konga Launches Free Same Day Deliveries on Starlink, Apple & Samsung Nationwide

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Konga, the only authorised shop-in-shop for Starlink Internet kits in Nigeria, is offering its customers free same day delivery across all major cities in the country.

With prices of Starlink Internet kits slashed by 50%, Konga is delivering additional value so that both homes and businesses in urban and remote places can enjoy infinite possibilities with their internet on both their standard and enterprise installations. This offer which is available both online and in its retail stores nationwide is exclusive to new and existing customers this month.

With the improvement in prices on both original standard and enterprise Starlink kits, customers can now enjoy a global warranty and direct installation services by purchasing only on Konga.

Since the launch of the partnership with the Elon Musk owned satellite internet provider, Nigerians have continued to celebrate the uninterrupted supply of fast and efficient cyber network services from the authentic devices available on Konga.

In addition to Starlink, other unique items from leading global companies such as Apple, HP, Lenovo, Samsung, Zinox, Philips, Intel and many more are available at unbeatable discounts in the Konga Tech Month from the 1st and will run till the 31st of May 2024.

The Konga Tech Month was extended from its traditional 7day promotion to 30days to give more people access to exclusive deals throughout the month. To enjoy these mouthwatering offers, visit konga.com or any of its physical outlets today.


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