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SOFIA (Bulgaria), April 5 (SeeNews) - Bulgarian software company Sirma ICS, part of Sirma Group Holding [BUL:SKK], said on Wednesday it has developed a digital insurance platform - ICS Online - which aims to connect end-customers to insurance brokers and insurance companies.
"We created ICS Online because we saw growing demand on the Bulgarian market for a comprehensive online insurance solution, automating all operations and allowing the end-user to quickly and easily compare prices of insurers, see a personalised price and buy an insurance policy online," Sirma ICS CEO Kiril Vassilev said.
Due to the rapid development of insurance technologies, the share of online sales in the insurance sector is expected to increase and lead to a contraction of the branch network of brokers and insurers, Vassilev added.
Sirma ICS's plans expansion on other European markets, which have similar regulatory framework to Bulgaria's. It also plans to develop new products for risk management and back-office and online sales automation.
Sirma Group Holding, founded in 1992 simultaneously in Bulgaria and Canada, employs more than 300 and operates on five continents. The company is active in semantic technology, mobile applications, enterprise resource planning, business intelligence, electronic government, financial and bank services.