“AeGIS Won Major IT contract from Sompo Japan for its Europe Operations”
Sompo Japan Europe will deploy AeGIS as their new technology backbone to support their business operations throughout Europe
London - England, February 2004. Sompo Japan Insurance Company of Europe Limited has selected SeaTech Consulting Group's AeGIS software as the technology backbone for their entire European operations. This large scale project will, upon completion, connect all of Sompo Japan Europe's operations into one centralized database in real-time. It is the first project of this nature and magnitude for both Sompo Japan Europe and SeaTech Consulting Group and its success holds much significance for both parties. The main objective of this project is to streamline Sompo Japan Europe's operations and support it with one centralized database located in London. Real-time updates and information can be shared and accessed by their operations all over Europe. This software architecture will increase operational efficiency and reduce overall operational costs. SeaTech demonstrated that AeGIS possesses the flexibility to adopt new technology platforms by running AeGIS over the Internet for this project. This integration will ultimately result in a very powerful technology system that allows one centralized database to support multi-class insurance business operations in multiple countries. SeaTech Consulting Group has previously integrated AeGIS into Sompo Japan's business environment in Asia. This experience will be useful when AeGIS is implemented into its European business operations. 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 Europe 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 Oracle database. AeGIS™ has been successfully implemented in many insurance companies throughout Asia, including China, Indonesia, Thailand, Singapore and Philippines. 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 COMPANY OF EUROPE LIMITED Sompo Japan Insurance Company of Europe Limited, the European subsidiary of Sompo Japan Insurance Inc., has been in Europe since 1958. Headquartered in London, U.K., Sompo Japan Europe has operations across the European continent, including Belgium, France, Germany, Italy, Netherlands and Spain. The main area of business is in non-life insurance services covering both corporate and individual markets. 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