Matrix IT Ltd., the leading information technology company in Israel, and Exigen Insurance Solutions (EIS), a global provider of insurance core systems, today announced a representation and distribution agreement for the Israel insurance market.

The flagship product of EIS is the Exigen Suite™, which provides insurance companies end-to-end core processing for policy administration, billing, and claims management, along with tools and management options supporting business changes. The company’s solutions are easy and quick to implement and assimilate, and can be expanded to suit changing organizational needs.

Under the agreement, Matrix will be responsible for marketing and distributing the solutions to insurance companies in Israel, and for supplying assimilation services, professional consultation, support, and service.

According to Jonatan Rosenthal, department manager in the software products division at Matrix, “the solutions offered by Exigen Insurance Solutions are an excellent response to the needs and challenges of companies involved in the world of insurance, providing solutions that are flexible and quick to implement, and enabling them to cope successfully with the dynamic nature of the market and the demands of regulation. At the same time they offer the possibility of creating a unique user experience and implementing client-focused systems, through which it is possible to increase the profit line and revenues of the organization, while also achieving operational and business efficiency.”

Rosenthal added that “the combination of solutions from Exigen Insurance Solutions and the know-how, abilities and experience of Matrix, including its familiarity with the market and the needs of the insurance companies in Israel, are significantly good news for companies in the field.”

“We are very pleased to enter into an agreement with Matrix to provide both sales and delivery capabilities in Israel,” said Andrew DeGroot, senior vice president for global business development and alliances at EIS. “Ensuring the success of each customer implementation is the top priority for us at EIS. Therefore the regional and industry expertise Matrix brings to the partnership will allow us to both offer exceptional service and grow our business in a vibrant market.”