FinEng Solution - Media - TATA AIG General Insurance selects Quantis for its funds management

Tata AIG General Insurance selects Quantis for its funds management

Mumbai, January 2009: Tata AIG General Insurance Company Limited (Tata AIG General Insurance) has selected Quantis to automate its funds management processes, making it the 24th client of Quantis. The company would be using the full suite of modules in Quantis, including Accounting, as an end-to-end solution to fully automate its entire funds management process.

Anish Chandra, the Product Head for Quantis, feels that Tata AIG General Insurance can especially benefit from the following features of Quantis:


	The strong and stable fixed income module would help the company effectively invest in debt securities and manage its predominantly HTM fixed income portfolio.

	Quantis’s recently developed parameterized compliance engine would help capture and monitor all regulatory limits prescribed by IRDA as per their latest regulatory guidelines.

	Reporting to IRDA would get much simpler by using the applications’ templated IRDA forms as per latest defined formats, minimizing manual intervention.

	Scalable and minimum TAT for incorporating any change that may be required as per IRDA requirements.

	Strong and dedicated support team would ensure smooth and uninterrupted functioning of the client’s business processes.

About Quantis

Quantis is an application that allows for end-to-end Investment Management Operations – from Analytics and Order Management to Accounting and NAV Generation. Strong user defined compliance rules and workflow are integral to the product.

About FinEng

FinEng is a software company developing and supporting products for the financial services industry. Its expertise is in institutional funds management, wealth management and credit risk. FinEng has 2 offices located in Mumbai and Chennai with 130 employees and has a strong, international client base.

About Tata AIG General Insurance Company Limited

American International Group, Inc. or AIG the 18th-largest public company in the world, according to the 2008 Forbes Global 2000 list, is the world leader in insurance and financial services & is the leading international insurance organization with operations in more than 130 countries and jurisdictions.

In India, AIG has entered into a joint venture with Tata Group and has forayed into both Life and General insurance spectrum under the Tata AIG brand.

It’s general insurance arm, namely Tata AIG General Insurance, offers a complete range of general insurance products for motor, home, accident & health, travel, energy, marine, property and casualty, liability as well as several specialized financial lines.

For further information please contact media@fineng.com