VIRTU SYSTEMS implemented the front-office solution in GEFEST

GEFEST launched the sales service of foreign travel insurance using Virtu Front Office System.

GEFEST successfully implemented sales service for foreign travel insurance. Virtu Front Office System automated the process of premium calculations and printing of policy documentation, it provides on-line reporting, convenient search of policies and updating of tariffs.

Anna Elenkina, head of insurance products automation, underwriting and reinsurance department of GEFEST Insurance Company: « GEFEST chose Virtu Front Office System for automation of calculation, printing and drawing up insurance contracts. Using this front-office solution, we received possibility to work with the most comfortable and modern tool to make our service more efficient and reliable».

GEFEST

GEFEST insurance company was established in 1993 in Moscow. The company offices are operated in 22 cities. The company’s financial stability is confirmed by rating assigned by Fitch Ratings: “A” on the national scale and “B+” on the international scale. Rating assigned by Expert RA is “A+” with stable outlook. For many years, the company has been participating in development of state-funded investment projects and federal target programs, providing insurance coverage to projects funded by federal and regional budgets. During its 20 years in business, GEFEST adjusted about 63,000 losses with overall indemnity paid in the amount exceeding 3,8b rubles.