ITN’s international R&D project awarded 1st French insurance label from the «Finance Innovation” global competitive cluster.
Le 1 avril 2008
ITN, leading European ISV of insurance software solutions and components, announces the approval of its R&D project, “SAMILDANACH 2012,”by the “Finance Innovation” global competitive cluster. This approval, the only one in the insurance world, confirms the attractiveness of the innovative “CLEVA” solution to the principal players in the European insurance industry and the effective answer it brings to insurance projects that are technologically innovative or internationally oriented.
ITN, renowned ISV of software solutions and components for the insurance world, thus confirms its European ambition and its commitment to provide state-of-the-art solutions and architectures to all insurance companies, mutual insurance companies, or bank-insurers seeking economic efficiency.
In addition to the extensive range of projects for which CLEVA can provide a real answer (Cost reduction, rationalization of business processes to increase productivity and quality, solutions dedicated to international growth), the exhaustive 24 month long Road Map, carried out for all the insurance sectors (Property & Casualty, health, life, and contingency) has appealed to and convinced this global competitive cluster.
The "FINANCE INNOVATION" global competitive cluster brings together banks, insurers, management companies, universities, research laboratories, and small and medium-sized companies around industrial and research projects with high value added. The French Banking Federation, the French Federation of Insurance Companies, the French Financial Management Association, the Paris Chamber of Commerce and Industry, NYSE Euronext, OSEO, French innovation agency and SMB Development Bank and the City of Paris undertook that initiative in order to accelerate the development of the financial position of Paris on the global level.
The ITN “SAMILDANACH 2012” project fits perfectly into the strategy of the cluster targeting a better rank or the Parisian research and financial innovation cluster by promoting and sponsoring innovative SMBs. The cluster also aims at contributing to the vitality of the economy by fostering financial innovation to SMBs and helping research and development in innovative insurance products.
Confronted with a shortage of multilingual, multiplatform business software solutions and the lack of real European leaders in this growing insurance market, the business expertise of ITN engineers and the continuous evolution of developed offerings convinced the “Finance Innovation” cluster of the economic attractiveness and quick profitability of the solutions designed by ITN.
“The constant need for insurers to increase flexibility and strengthen business profitability in compliance with legal rules and requirements is greatly upsetting the balances of the European insurance market. Turning to software solutions, such as those developed by ITN, combining both technologies (SOA, multi-tiers, SaaS, etc.) and local business requirements.
Our strategy and our ongoing investments in “Research & Development” of multi-tier, multilingual, multiplatform solutions customized for all companies today find their advent in the approval of the “FINANCE INNOVATION” global competitive cluster.
We are proud to be the first French ISV recognized for our innovative and strategic technological project with high value added, for the design of upcoming software applications,” co mmented François PETIT, CEO of ITN.
