Signal Alliance, Microsoft Partner to Promote Cloud Adoption, IT Driven Insurance Solutions

Signal Alliance and Microsoft are collaborating with Insurance companies in Nigeria to promote cloud technology adoption and IT-driven insurance solutions for the robust development of the sector.

In a recent joint engagement with the Nigerian Insurance Association, the parties agreed to develop technology solutions that will enhance the practice of Insurance in Nigeria.

The workshop was attended by key players in the insurance industry including; Abimbola Ajayi of NEM Insurance, Romanus Ezengwu of IEI, Tonye Sigha of FBN Insurance, Oyewole Maku of Cornerstone Insurance, etc.

“Our vast knowledge in deploying technology in the Nigeria financial services sector and global experience of our partner Microsoft have been made available to enable this sector operate more efficiently. Thereby giving workers and customers a whole new experience.” said Anthony Nwankwo, Signal Alliance Enterprise Solutions Development Lead.

Nwankwo reiterated the fact that Cloud is the way to go for the insurance companies because it will enable them:
·         To achieve economies of scale – increase volume output or productivity with fewer people.
·         Reduce spending on technology infrastructure through pay-as-you-go model (weekly, quarterly or yearly)
·         Streamline their processes and enable them to get more work done in less time with less people
·         Capital cost reduction. They don’t need to spend additional money on hardware, software or licensing fees;
·         Mobility and Improve accessibility. It will enable their workers to have access anytime, anywhere
·         Keep to budget and monitor projects more effectively
·         Minimize licensing new software. Stretch and grow without the need to buy expensive software licenses or programs.

Audu Dunni Oladokun, NIA Chairman Education Sub-Committee says, “The knowledge shared at this roundtable has shown us how trending technologies can transform insurance businesses in Nigeria.”

The forum noted that there was need to automate the process of design and approval by incorporating secured digital signatures in a holistic manner that will ensure speed, convenience and mobile access.

Ola Williams of Microsoft expressed Microsoft readiness through Signal Alliance to see to the success of the effort of any insurance company that wants to fast track cloud technology adoption in a bid to be more productive and efficient in their operations.

At the roundtable, various technologies and solutions for insurance business were discussed. It includes; Customer Relationship Management, Business Intelligence, Data Analysis, Cloud Computing, Mobility, Software development and Unified Communications.

Microsoft and Signal Alliance have offered the insurance companies some of these solutions for a limited time free usage.

The event was attended by top technologies executives of insurance companies in Nigeria.