Diasoft Insurance Goes Live in ROSGOSSTRAKH

Tuesday, March 1, 2016

In September 2015, Diasoft won a contract for delivery and implementation of its Diasoft Insurance, Reinsurance and Co-Insurance solution to support the reinsurance business of the leading Russian insurance company – ROSGOSSTRAKH.

Due to the development of its business, ROSGOSSTRAKH faced the necessity to re-engineer its existing reinsurance solution. The company selected Diasoft Insurance as the main tool for support of the business processes associated with its reinsurance business.

Diasoft's solution has been successfully used in the market for more than 15 years. Its functionality allows working with all kinds of inwards and outwards reinsurance treaties and supports facultative proportional and non-proportional reinsurance and all types of obligatory reinsurance and co-insurance.

ROSGOSSTRAKH is the largest Russian insurance company that has been working in the market for more than 90 years. The ROSGOSSTRAKH Group includes the Rosgosstrakh insurance company, the RGS-Live insurance company (live insurance and the pension fund scheme), the non-government pension fund RGS, RGS-Medicine (mandatory health insurance). ROSGOSSTRAKH has 80 branches located in all constituent entities of the Russian Federation and comprising more than 3,500 agencies, insurance departments, sales offices and loss settlement departments. The company is the leader of the Russian insurance market (with more than 43 million customers) and historically has had a significant impact on the development of the Russian insurance market.

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.