African Grey Insurance Selects Agilis Core General Insurance solution to bolster growth
Agile Financial Technologies, a leading software provider for insurance, banking and financial services sectors, has announced it has won the contract to deploy its general insurance solution for African Grey Insurance in Zambia.
Agilis Core General Insurance, which was chosen after a strict evaluation process, will help African Grey Insurance’s growth plans and enhance its operational efficiencies and service capabilities.
African Grey Insurance Limited is a General Insurance Company wholly owned by Zambian domiciled interests and duly licensed by the Pensions and Insurance Authority (PIA) to transact all classes of General Insurance Business in Zambia.
The company offers insurance services such as agricultural insurance, motor insurance, fire insurance, engineering insurance, accident insurance, miscellaneous insurance, marine and aviation insurance, medical insurance, overseas travel insurance, personal accident insurance and bonds business to name some.
Charles Nakhoze, Chief Executive Officer of African Grey Insurance, said: “Our vision is to be a responsive and agile company that provides quality products and services that anticipate and satisfy our customers’ requirements. Our aim is to create value for our customers and make a difference.
“Taking into account our growth plans, we decided to invest in a reliable technology platform that would help us streamline our business processes whilst helping us attain sustainable and quality growth,” said
“We conducted a market analysis to see what other insurance companies were using. We were looking for a core insurance solution that was robust, had full integration capabilities and could be deployed in a short period of time. After evaluating and testing several solutions in the market, we narrowed down to Agilis Core General Insurance.
“We then conducted customer sites for the shortlisted vendors in Zambia, Kenya and Zimbabwe to understand how these solutions were working and got a first-hand understanding from end-user customers.
“We decided to go with Agilis as it was feature-rich, scalable and future proof. The solution also has strong mobile integration capabilities that would help us provide mobility and accessibility to our agents and customers,” he added.
Agilis Core General Insurance is an integrated comprehensive solution for insurance companies covering the entire business cycle from underwriting and claim management to reinsurance and accounting.
Kalpesh Desai, CEO at Agile FT, said: “We are pleased to welcome African Grey Insurance into our customer community and look forward to working closely with their team to ensure a successful and timely implementation. This sign up also underscores our position of market leadership on the Sub-Saharan region.”
G7 Summit guide: What it is and what leaders hope to achieve
Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration.
Who are the G7?
The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like.
The merry band comprises:
- The United Kingdom
- The United States
Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.
Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda.
When was the ‘G’ formed?
Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s.
Why does the G7 exist?
At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted.
The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability.
It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations.
Where is the 2021 G7 summit?
This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall.
What will be discussed this year?
After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”
The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values.
According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.”