A leading Indian General Insurance firm selects Credence’s iDEAL Funds 5.0
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
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Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
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The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
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RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
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to automate their Investment management solution
Mumbai, January 15, 2018 – Our client received initial approval from IRDA for the health insurance unit in September 2017 and expects the new firm to become operational by early 2018.
At present, the firm offers health insurance through its general insurance subsidiary. Our client, by setting up a separate company to offer health insurance products, is looking to tap opportunities in the retail segment.
According to studies, there are three factors indicating significant growth potential in retail health insurance.
1.Changing demographics—a younger India with higher income, higher assets, and more financially aware.
2.Rising cost of healthcare.
3.An increase in lifestyle-related ailments
Credence iDEAL Funds got shortlisted as the most preferred Investment Management System for the group. Credence Analytics offered the best fit solution for their requirements, with comprehensive asset class coverage, strong limits management and IRDA compliance. The solution offered also covers enhanced third party integration through uploads, seamless STP solution, strong pre-deal Analysis and ‘what if’ simulation facility, scalable to manage high volumes & handle future business requirements, consolidated dashboard for specific user profile based information, specialized liquidity projections for better Investment planning, enhanced report generation engine, configurable batch process scheduler to automate EOD & BOD processes, enhanced transaction processing engine for single and bulk processing of trades, spectrum of Instrument and currency types, continuously upgrade to address the regulatory norms.
We are happy to share that the project has been successfully implemented with UAT sign-off stage already accomplished. As soon as the last milestone of license is rec’d by our client, the solution is aptly ready for real-time usage by the investment team.