Maltese insurer GlobalCapital strengthens life insurance business with Solife

Brussels - 4 September 2012

GlobalCapital, Malta’s leading provider of financial services, has selected BSB’s Solife software solution to manage its entire life insurance portfolio. Solife will provide GlobalCapital with a sophisticated tool to run every aspect of its life insurance activity, from distribution via Solife’s web front-end through to claims management. GlobalCapital selected BSB after an extensive review process, with Solife proving to be the best match for the organisation’s strategic objectives in the long term.

Mr Bashar Khatib, CEO of GlobalCapital said: “Solife is highly rated in the life insurance industry and, after a thorough review, we concluded that it represents by far the best solution for our company – matching our reputation for innovation in support of customer service and cost-efficiency. We have an ambitious expansion strategy for our life insurance business and Solife will support its effective implementation both in Malta and abroad.”

Solife contributes to lower operating costs and lower risk by streamlining and automating the management of transactions, whilst its comprehensive in-built workbenches (products, taxes, pricing, documents, etc.) shorten time-to-market for new products launches.

“In today’s environment, insurers must strive to shorten time-to-market and offer multiple distribution channels, while at the same time protecting the return on their investment over many years”, said Jean Martin, CEO, BSB. “Solife delivers on all counts – addressing both the business and technology challenges. For example, its fiscal workbench facilitates compliance with regulatory change, which will be increasingly frequent due to Europe’s economic situation, while its web portal facilitates legacy modernisation by providing a modern interface to connect a company with its distributors and agents".

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development