Wednesday, October 19, 2011

Gratex International is the first Slovak software house which has successfully penetrated the Korean market. The company has entered the strategic partnership with the biggest IT firm providing ICT services in South Korea, Samsung SDS. The subject of the contract is delivery of the new generation insurance system for Allianz Life Korea.

"This project is one of our company´s most significant projects in the field of insurance information systems development. By means of it, we have expanded our portfolio of the solutions for the Allianz Group, with which we have been cooperating already for the second decade. At the same time, we are very pleased that, as a Slovak software house, we have successfully entered such a demanding market as Korea represents”, said Štefan Dobák, CEO of Gratex International.

Our Korean partner, Samsung SDS, is the biggest IT company in South Korea dealing with information-consultation services. The organization has been worldwide active since 1985, employing more than 12 thousand people, with last year turnover of 3, 8 billion USD.

Allianz Life Korea, the biggest life insurance company in the Korea, is the client of the common project. The company has 1, 3 million clients and the gross premium written from sales in the volume of 2 billion EUR. The new generation NG&S system, which is being prepared, will cover the needs and requirements of the client, the high level of the internet and mobile devices penetration between the clients and the partners of the insurance company, and it will take into account the specifics of the insurance market and national legislative of the Korean Republic.

„The cooperation on the project for Branch Office in the Korean Republic is a big challenge for us. We believe, that the experience we have gained by implementing the projects in Europe and Australia, will help us in succeeding also in such specific conditions as South Korea represents“, said Stanislav Vasiľko, the Head of Gratex International Branch Office in Soule.

Gratex International has developed, for the needs of the biggest Slovak insurance company Allianz- Slovenská poisťovňa, the system UNIUS – a comprehensive software solution designed to cover all needs and requirements of the insurance company. The company has applied many-years-experience in building multiplatform robust systems also in other significant Slovak insurance companies. The international experience has been gained during the implementation of the Reinsurance solution in Allianz Tiriac Asigurari in Romania, from the ongoing project for Allianz Zagreb, Croatia, from the support of the specific needs of the insurance companies and brokers in Australia. Moreover, the company Gratex has been gradually expanding also to the other countries of Central and Eastern Europe.

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