Paris, 5 February 2008 – Linedata Services, a major player in financial IT solutions, today announced the signing of a contract with BNP Paribas Assurance, the fourth-leading life insurer in France, for the management of its life insurance contracts in France. BNP Paribas Insurance wished to replace its current management tool in order to satisfy the levels of reactivity and productivity required by its industrialisation strategy and culture of innovation.
Linedata Services’ Master I software package will manage all of BNP Paribas Assurance’s multi-support life insurance contracts, which today number 2.5 million.
Master I is an innovative software series that insures complete coverage of groups of “Life” products and integrates all stages of the contract workflow, from signing until closure.
“We would like to continue to be at the forefront of an ever growing and increasingly competitive market. Master I, a reliable and robust tool, will enable us to further improve our reactivity and ability to translate an innovative life insurance sector approach operationally,” stated Jean Bego, Deputy General Manager in charge of Operations and Information Systems at BNP Paribas Assurance.
Anvaraly Jiva, Linedata Services CEO and Chairman of the Executive Board, stated: “This contract demontrates our ability to grow with and support the development of Life Insurance leaders in France. Our ambition to reach no. 1 quickly in the market in this industry is strong.”
About Linedata Services
Linedata Services is a major international provider of financial IT solutions that specializes in Asset Management and Leasing & Credit Finance. As a software solutions and services provider, Linedata Services offers global solutions tailored to the world of finance. Linedata Services is listed on Euronext Paris Segment B and in 2006 generated turnover of EUR 148.3 million.