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GENIISYS takes on 2nd overseas installation
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Century Insurance (PNG) Ltd., the newest insurance company in Papua New Guinea, recently signed up for a GENIISYS license and implementation agreement with CPI. Century Insurance (PNG) Ltd. is an affiliate of Saipan-based Century Insurance Company and the Tan Holdings Corp.
The successful implementation of GENIISYS in Saipan, convinced Century Insurance all the more of using the software solution for its PNG operations. Both CPI and CI (PNG) foresee another successful completion and turnover of the system by end of July, 2 1/2 months after the start of the project.
Signing on behalf of CI (PNG) Ltd is Mr. Nel Matanguihan, General Manager of the Saipan office and signing for CPI is Ms. Bebette Ventura, President and CEO.
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CIC signs up as 16th GENIISYS installation
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 Saipan-based Century Insurance Co., Ltd. recently inked a deal with Computer Professionals, Inc. for the implementation of GENIISYS, the leading general insurance solution in the Philippines. The software will be implemented as is and with hardly any change in code. This project proves GENIISYS outstanding design and applicability not just for the Philippine setting but also for foreign general insurance companies. Present during the contract signing were CIC Vice President, Mr. Andy Del Mundo, CIC General Manager, Mr. Nel Matanguihan, CPI President & CEO, Elizabeth Ventura and CPI VP for Business Development, Ito Gruet.
Update: After the contract signing in Manila on September 2006, the 5-man CPI team flew to Saipan to start implementation work. CIC reports to its holding company that uses the SAP financial system. A bridge module was developed by CPI so that CIC users can simply transfer the accounting entries generated by GENIISYS transactions to the SAP system. In less than 3 months, GENIISYS was already running live. The users quickly got comfortable with using the new system.
At present CIC is provided the same support level as the rest of the other GENIISYS users in the Philippines. CIC and the rest of the GENIISYS customers log and monitor their issues through Mantis, an online support system. CIC also gets the regular industry enhancements that the local customers avail of as part of the GENIISYS maintenance. |
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SEABOARD-EASTERN prepares to meet growing demand for Service Efficiency via GENIISYS
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Seaboard Eastern Insurance, one of the top 20 insurance companies in the country, recently chose GENIISYS to support their insurance operations. They have a network of branches covering major cities in the Visayas and Mindanao as well as presence in Central Luzon.
Seaboard has been using an in-house developed system for over 10 years. Being in an increasingly competitive industry and having a sales force and market whose needs are becoming more sophisticated coupled with the advances in technology, Seaboard saw the need to implement a more robust and integrated system.
With GENIISYS, Seaboard will achieve full integration of its operations from Marketing to Undewriting to Claims all the way through to Accounting. The GENIISYS workflow component will enable users to manage their processes in a more efficient manner ensuring that no transactions are lost or unattended to.
Seaboard users will also be empowered to generate reports without having to request and wait for MIS to produce them. These include production reports, bordereauxs, risk profiles and other statistical reports not only for internal use but also to comply with external requirements such as those of the Insurance Commission.
On the claims side, processors and managers can view photos and graphics online and dispense with the need to pass around and flip through claims folders. Manual computations will be greatly minimized because loss distribution is automatically generated by GENIISYS. GENIISYS also provides flexible tax computations on parts and services for motor car claims.
Once claims are tagged as approved, the disbursement officer can electronically retrieve the claim settlement request for check preparation.
These, together with the complete and integrated suite of GENIISYS functionalities, will certainly boost Seaboard’s readiness to provide excellent service to their customers.
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