Wednesday 27 May 2015

Signal Alliance, Microsoft in pact on cloud uptake in insurance industry

BussinesDay

Signal Alliance, indigenous systems integrator, and Microsoft, US-based technology company, are collaborating with insurance companies in Nigeria to promote cloud adoption and IT-driven insurance solutions for the robust development of the sector.
In a recent joint engagement with the Nigerian Insurance Association, the parties agreed to develop solutions that will enhance the practice of insurance in Nigeria. “Our vast knowledge in deploying technology in the Nigeria financial services sector and global experience of our partner Microsoft have been made available to enable this sector operate more efficiently. Thereby, giving workers and customers a whole new experience”, says Anthony Nwankwo, Signal Alliance Enterprise Solutions Development lead.
Nwankwo points out that cloud is the way to go for insurance firms because it will enable them to achieve economies of scale by increasing volume output or productivity with fewer people, saying cloud service will reduce spending on technology infrastructure through pay-as-you-go model (weekly, quarterly or yearly). It will also streamline their processes and enable them to get more work done in less time with less people.
“With cloud computing, they don’t need to spend additional money on hardware, software or licensing fees. It will also enable their workers to have access anytime, anywhere,” Nwankwo further explains, saying that with cloud, insurance companies can keep to budget and monitor projects more effectively. Audu Dunni Oladokun, NIA chairman, education sub-committee, says “the knowledge shared at this roundtable has shown us how trending technologies can transform insurance businesses in Nigeria.” The forum however observed that there was need to automate the process of design and approval by incorporating secured digital signatures in a holistic manner that will ensure speed, convenience and mobile access.
Ola Williams of Microsoft expresses his company’s readiness through Signal Alliance to see to the success of the effort of any insurance company that wants to fast track cloud technology adoption in a bid to be more productive and efficient in their operations.
At the roundtable, various technologies and solutions for insurance business were discussed. They include: Customer Relationship Management, Business Intelligence, Data Analysis, Cloud Computing, Mobility, Software development and Unified Communications. Microsoft and Signal Alliance have offered the insurance companies some of these solutions for a limited time free usage.
The workshop was attended by key players in the insurance industry including Abimbola Ajayi of NEM Insurance, Romanus Ezengwu of IEI, Tonye Sigha of FBN Insurance, Oyewole Maku of Cornerstone Insurance, etc, and other top technologies executives of insurance companies in Nigeria.

Ben Uzor

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