Diasoft Insurance to be Implemented in ACE Insurance Company

Thursday, June 16, 2016

Diasoft, a leading provider of cutting edge financial software solutions, has embarked on implementation of its Diasoft Insurance solution in the insurance company ACE in Russia. The product will support accounting per the Unified Chart of Accounts and property and liability insurance and reinsurance.

ACE selected the Diasoft Insurance solution due to its capability to meet the company's business goals and regulatory requirements to the broadest possible extent. The solution has an over 20-year successful history in the insurance market and allows supporting all kinds of property and liability insurance policies, reinsurance treaties, and accounting in full compliance with the local GAAP and reporting standards.

ACE Insurance Company LLC (АСЕ Russia) is a 100% subsidiary of Chubb Limited (earlier ACE Limited) and is part of the Chubb Group. On January 14, 2016, ACE Limited acquired the Chubb Corporation, creating a global insurance leader operating under the renowned Chubb name. The Chubb Group is one of the leading global insurance companies specializing in the property and liability insurance sector and providing services in more than 53 countries. 

About Diasoft

Since 1991 Diasoft has been providing cutting-edge financial software solutions supporting all aspects of retail, wholesale and universal banking, financial market services, and insurance business. The company’s main offering to the financial market is FLEXTERA — a SOA-based universal system comprising a comprehensive suite of modules for front-to-back automation of modern financial services.

The FLEXTERA’s functional scope covers the following areas of financial business:

·       Back Office and Core Banking operations including daily banking transactions processing; product and service management; BI, accounting and reporting;

·       Multichannel Front Office operations and client management;

·       Middle Office risk management and decision making.

The modern technological principles lying at the core of all FLEXTERA solutions in combination with their broadest functionality provide our customers with limitless opportunities for their business development in accord with market trends and clients’ requirements.