Global financial technology solutions and services provider, 3i Infotech has won the "Best Takaful Technology Company" award at the 4th International Takaful Summit 2010 in London. Organised by the Middle East Business Forum and Afkar Consulting, the awards honour companies and practitioners that have contributed the most to the growing Takaful market.

Winning the award for the third year in a row is a significant achievement which recognises 3i Infotech's extensive work with Takaful companies located throughout South-East Asia, the Middle East and Africa.

Presented by Lord Mohammed Sheikh, Chairman of Camberford Law Plc, 3i Infotech won the award after an extensive judging and selection process that was overseen by a host of journalists, lawyers and Takaful practitioners. Timed to coincide with the 4th International Takaful Summit 2010, the conference included a number of high profile speakers from around the world who discussed some of the most important issues facing the relatively new yet, fast growing, Takaful market.

Mr. Pankaj Chawla, President & CEO, Middle East, Africa, Russia & CIS, 3i Infotech Limited said, "PREMIA, our flagship insurance solution has a flexible and high performance platform which provides a sophisticated and robust solution which seamlessly integrates with the needs of the growing insurance market. Our goal has always been to position the product and the business as an innovative technology that provides customers an edge over its competitors".

Mr Chawla further added, "Winning this award for the third consecutive year demonstrates our ability to create solutions that address the requirements of the current market and our commitment towards delivering the best to our customers."

Jayaraman Jagannadhan, Head of 3i Infotech's Global Development Centre for Insurance added, "Over the past 10 years we have worked with nearly 40 operators in the Takaful industry in Malaysia, Middle East and Africa where the major advances in this sector have taken place. With this knowledge and experience fully embedded in our software solutions, we are well-positioned to support the global expansion of Takaful into new markets with Sharia compliant technology."

3i Infotech offers its end-to-end Insurance Software Solutions Suite, PREMIA, for the Takaful Insurance sector. The PREMIA suite comprises PREMIA General Insurance, PREMIA Health, PREMIA Life, PREMIA Property & Casualty and PREMIA Collaborator. With approximately 150 Takaful companies worldwide, 3i Infotech is leading the way in Takaful insurance solutions, cornering a 25% market share of systems from this sector.

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