ADNIC has gone live with IMSplus to manage their insurance investment operations

Profile Software, an international financial solutions vendor, announced today that Abu Dhabi National Insurance Company (ADNIC) in the UAE, one of the leading regional multi-line insurance providers for corporates and individuals, is using the IMSplus Insurance Investment Management solution to achieve operational efficiency of its investment management operations.

Following ADNIC’s vendor selection process, Profile Software was appointed as the vendor of choice. With highly flexible and functionality-rich features, IMSplus is Profile Software’s leading investment management platform that is being used by many international insurance firms, across multiple locations. It offers an easily customisable solution that caters to current and future business needs. The platform enables users to comply with local and international markets, automate processes and efficiently manage back office investment management operations.

IMSplus offers a wealth of benefits to ADNIC through flexible and multi-level analysis features. ADNIC uses IMSplus to monitor sector and asset class exposures of its invested assets. The system’s reporting capabilities allow investment managers to perform comprehensive analyses of the company’s invested assets (cash, fixed term deposits, equities, bonds, funds, private equity and real estate) and performance. ADNIC also benefits from the quality and timely production of reports (for regulatory and management purposes) as well as the overall process automation, while reducing costs, increasing productivity and achieving greater efficiency across operations.

ADNIC’s selection of IMSplus expands Profile Software’s Insurance client portfolio and reaffirms its expertise in delivering competitive investment management solutions to the insurance industry. IMSplus is used by a range of regional and international insurance firms offering integrated services and contributing to their operational excellence.