Maltese insurer GlobalCapital has adopted
BSB’s software tool, Solife, to manage its life insurance
portfolio.
The software will handle various aspects of
life insurance activity from distribution to claims management.
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Commenting on the acquisition, Bashar Khatib,
CEO of GlobalCapital said: “We have an ambitious expansion strategy
for our life insurance business and Solife will support its
effective implementation both in Malta and abroad.”
BSB CEO Jean Martin said: “In today’s
environment, insurers must strive to shorten time-to-market and
offer multiple distribution channels, while at the same time
protecting the return on their investment over many years.”
GlobalCapital is listed on the Malta Stock
Exchange and is the result of a merger in 2003 between Global
Financial Services Group and British American Insurance Co.
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