Generali International Agree Multi Million Euro Contract with Percana.

With Generali International enjoying a sustained period of significant sales growth in their international product portfolio, they recognised a need to ensure their policy administration platform was capable of handling their rapidly expanding business. Part of the Generali Group, one of the world’s top fifty companies*, Generali International, based in Guernsey, has a regional office in Navan, County Meath, which is also the head office of its sister company Generali PanEurope.  It was through this connection that they became aware of Percana, a specialist provider of administration systems to the Life and Pensions industry. As a result of fruitful discussions it has now been announced that Percana’s policy administration system, Eclipse, has been selected as Generali International’s chosen solution.

Mr. Peter Hobbs, Head of Generali International, stated “Generali International’s core business has experienced unprecedented growth over the last 24 months in all its major markets (Far East, Middle East, Eastern Europe and Latin America). To support this expansion we require an innovative technical platform that will form a central part of our ongoing commitment to clients and distributors to provide superior support for our savings and investment solutions”.   

Percana’s Eclipse product suite is an integrated Front, Middle & Back office enterprise platform, which manages the complete range of Life and Pension products over the full policy life cycle. Eclipse is a highly flexible, scalable and robust system designed and built using up-to-date client server technologies for the Life and Pensions market. Eclipse is unique in that it has been designed and built with internet connectivity as a core delivery mechanism and uses XML throughout to accomplish both component integration and interfaces to external systems.

Paul O’Kane, Executive Chairman of Percana, commenting on the announcement said, “We are delighted that Generali International has selected Eclipse as its preferred platform. Our licensing and implementation model is validated by virtue of the fact that companies such as Generali continue to select Percana’s solutions for their critical business and technology needs and the recognition of the unique benefits of our Life and Pension solutions.”

*Source Fortune 500 – 2007
Note to Editors

About Generali International Limited

Generali International, headquartered in Guernsey with regional offices in Ireland, Cyprus and Hong Kong, is a specialist arm of the Generali Group.  The Company offer sophisticated and powerful life insurance based wealth management solutions to a global audience, including both international expatriates and certain local resident populations.  

The Generali Group, a Fortune 500 top 50 company, is a leading Italian organisation and a provider of financial services products in the global market. Generali is a name that has become synonymous with security and reliability for millions of clients around the world. This ‘real’ business experience and enviable track record gives the Group a global insight that Generali International brings to the benefit of Financial Advisers and their clients.

About Percana Group
Established in 1999, Percana Group provides mission critical software, outsourcing and consultancy services to the Life and Pensions industry. Its product and service offerings are based on the Eclipse Product Suite, which is used to manage a wide range of Life and Pension products efficiently, securely and cost effectively throughout their life cycle. Percana’s clients include Quinn Life, Commercial Union International Life, the Luxembourg Life arm of AVIVA PlC and Dentists’ Provident Society, the UK based income protection provider and Société Générale’s Irish subsidiary Inora Life.