PROFILE, sponsor at the 11th Annual Middle East Insurance Forum, presents IMSplus Insurance Investment Management

2 February 2015

PROFILE Software, an international financial solutions provider, announced today its sponsorship of the 11th Annual Middle East Insurance Forum (MEIF 2015) participating as an Associate Partner at InsureTech @ MEIF 2015 and presenting the IMSplus Insurance Investment Management solution. MEIF 2015 will be held at the Gulf Hotel, Bahrain on the 3rd and 4th of February 2015.

The 11th Middle East Insurance Forum taking place in Bahrain under the official patronage of the Central Bank of Bahrain, is set to support growth, excellence and innovation in the regional insurance industry. It is expected to receive more than 500 attendees representing over 200 leading global organisations along with 50 international speakers and thought leaders charting a new road map for the further growth and development of the dynamic insurance industry in the Middle East.

PROFILE, with the recent upgrade of its IMSplus platform, has incorporated new exciting features in its Insurance Investment Management solution providing asset managers and investment officers with rich functionality to professionally manage own assets and to closely monitor the outsourced management of those.

The solution’s modular architecture and extended parameterisation features, significantly improves the investment management operations of an insurance firm with automatic accounting entries’ generation and updates of the core accounting system.

The upgraded IMSplus supports global product coverage and multidimensional valuation analysis, performance measurement of the firm’s investments (e.g. Equities, Funds, Bonds, Private Equities, Real Estate etc.), benchmark comparisons and liquidity management. Its powerful report generator tool allows for the production of unlimited customisable reporting views in addition to the numerous predefined reporting templates.  At the same time effective exposure analysis and risk management tools are available, while compliance with regulatory requirements of investments is ensured.

IMSplus has already a number of successful implementations in regional and international Insurance Firms and the company has been nominated as “Technology firm” by MENA Insurance awards due to the system’s flexibility and competitive offering to the Insurance industry.

In addition, PROFILE is further strengthening its regional presence with the hire of new executives to support its expansion plan in the Middle East, Africa and Asia markets, as well as forming new partnerships. The staffing of the Dubai office with expert personnel and the new alliances with local IT integrators, enable PROFLE Software to effectively support the full range of its banking and investment management solutions tailored to the regional market.