FinEng Solution - Media - TATA AIG General Insurance has gone Live on the Quantis application

TATA AIG General Insurance – Go Live

Mumbai, June 2009: TATA AIG General Insurance (TAGIC) has gone Live on the Quantis application from 1st June, ’09 for their end to end investment management operations, thereby meeting the IRDA mandate of implementing an integrated front and back office solution for their investment management operations. The entire implementation process was completed in less than 50 working days, including data migration.

Following would be the key advantages derived by TAGIC by implementing Quantis:


	Comply with the IRDA requirement of an end to end integrated solution from generation of deal requisition to accounting.

	Comply with all IRDA mandates on Investments through the highly parameterized limits module of Quantis.

	All IRDA forms for reporting to the regulator will be directly generated from the Quantis system

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