“Sompo Japan deployed AeGIS at their first branch office in Dalian, China”
Sompo Japan, the insurance giant from Japan, has again decided to employ AeGIS as their business operation system at their branch office in Dalian, China
Dalian - China, July 2003. SeaTech Consulting Group Inc is pleased to announce that it has won the contract from Sompo Japan to install and implement its propriety AeGIS software at their new branch office in Dalian, China. It is significant as this is the first license issued by the Chinese government to a foreign non-life insurance company in Dalian. Sompo Japan's Dalian branch will support local business operations of Sompo Japan as well as other Japanese and foreign companies in fire, cargo and liability insurance classes. Sompo Japan's decision to employ AeGIS in Dalian is based upon the AeGIS' ability to be integrated seamlessly and expediently into the existing infrastructure with minimal interruption to the day to day operations. AeGIS is currently being utilized at many of Sompo Japan's offices worldwide and is an integral contributing factor in the success of their business operations. AeGIS is a very dynamic and flexible software system which can support the myriad changing needs of global business environments. It can be customized into multi-currencies, multi-branches and multi-languages. The positive experience of using AeGIS has increased Sompo Japan's level of confidence in further implementing SeaTech's other products and services. SeaTech has established a long term relationship with Sompo Japan as their global IT partner. This partnership is built upon many years of trust and Sompo Japan's latest decision to utilize AeGIS in China is, once again, proof of SeaTech's commitment to value and support of its clients' local and global businesses. ABOUT AeGIS™ AeGIS™ enables insurance companies to manage risks and administer core business processes. The system utilizes leading-edge technology based on an Oracle database. AeGIS™ has been successfully implemented in many insurance companies throughout Asia, including China, Indonesia, Thailand, Singapore and Philippines. AeGIS™ is currently being deployed to run over the Internet from a centralized database in the United Kingdom to support the operations of an insurance company throughout Europe. ABOUT SEATECH SeaTech Consulting Group was established in 1990 in California, USA, and has since expanded its operations to China, Indonesia, Singapore, Thailand, Philippines and the UK. SeaTech Consulting Group is a purveyor of information technology solutions to the insurance industry. Its corporate mission is to enhance the competitive edge of business corporations through the effective application of information technology. ABOUT SOMPO JAPAN INSURANCE INC. DALIAN BRANCH Sompo Japan Insurance Inc's Dalian Branch is the first foreign non-life insurance company in Dalian. The Dalian Branch is of significant importance to Sompo Japan's operation in China, since it is geographically close to headquarters in Japan and has a market size of approximately 2,000 Japanese companies in the city of Dalian alone. The Dalian branch commenced operations in July 2003 providing insurance services in property and casualty classes. ABOUT SOMPO JAPAN INSURANCE INC. Sompo Japan Insurance Inc. is the result of the merger between The Yasuda Fire & Marine Insurance Company Limited and The Nissan Fire & Marine Insurance company Limited in 2002. The larger of the two companies, The Yasuda Fire & Marine Insurance Company, was one of the oldest insurance companies in Japan, established in 1888. Sompo Japan is a non-life insurance company providing services to corporate and individual needs. As of March 31, 2003, Sompo Japan, with headquarter in Tokyo, Japan, has a consolidated net written premium of 1.34 trillion Yen or approximately 11.17 billion US Dollars (using 2003 exchange rate) and total assets of 5.33 trillion Yen, or approximately 44.35 billion US Dollars. For more information, contact: SeaTech Consulting Group Tel +62.21.5790-3833 Fax +62.21.5790-3889 e-mail: marketasia@seatech.com