DUBAI, UAE, 10 March 2009: Zimbabwes Optimal Insurance Company (Pvt) Ltd, a subsidiary of one of Zimbabwe's largest and diversified financial services institution - CBZ Holdings Limited - has shown its commitment to improving service delivery to its clients by recently acquiring the rights to implement AGILIS Core Insurance Software from Agile Technologies (Agile FT), a leading provider of software and services to the insurance, banking and finance sector. The new system, whose implementation is scheduled to begin immediately, will allow Optimal Insurance to not only automate all its existing operations but also enable them to quickly create new insurance products thereby reducing time-to-market.

Optimal Zimbabwe Signing"We have seen our business grow exponentially and we needed to move away from the existing systems to allow us to become more efficient and provide a better service to our customers," said Nyasha Makuvise, Group Chief Executive Officer for CBZ Holdings Limited. He added that "with the anticipated economic reforms in Zimbabwe, AGILIS will give us the opportunity to leverage technology to provide new and innovative insurance services for the growing business community in Zimbabwe and new entrants in the business ecosystem."

AGILIS will provide a single integrated platform and environment that will allow Optimal Insurance to process all classes and types of general insurance products. AGILIS covers the entire spectrum of operations and finance management for an insurer including insurance product management and distribution (policies), underwriting, reinsurance, claims and accounting.

"In today's current scenario, a financial institution needs to streamline its operations to ensure that they have access to critical management information," said Kalpesh Desai, CEO at Agile FT. "Clients need to be served efficiently and profitably, whilst ensuring that risks undertaken by the insurance company are adequately covered. We are working very closely with the management, business and IT teams at Optimal Insurance to ensure that the transition is smooth and successful."

According to Desai, AGILIS will enable the fast, simple and flexible creation of new insurance products that helps reduce time-to-market and expand the spectrum of offerings from Optimal. Available with multi-language and multi-currency support as well as consolidated financial information on multi-currency transactions, its well-defined workflow covers all the steps of the insurance business from a single view of the customer profile to effective management with pre-configured reports, including MIS, as well as web-portals.

Optimal Insurance is part of a larger progressive group of companies in CBZ Holdings Limited.


About Agile Financial Technologies
Agile FT was formed by the coming together of seasoned industry professionals who envisioned the creation of an unparalleled enterprise that would be an agile technology partner to leading players in the BFSI (Banking, Financial Services or Insurance) sector. This resulted in the amalgamation of strategic technology companies in the space of software solutions, technology services, Business Process Outsourcing and Knowledge Process Outsourcing.
For more information about the company and its products, visit

About Optimal Insurance
Optimal Insurance Company (Private) Limited was established in 2005 and licensed to transact insurance business in 2006 and started operating on 1 June 2006. Optimal Insurance is a subsidiary of CBZ Holdings Limited. The company is backed by corporate shareholders who provide the necessary and critical security and financial backing that is crucial to any financial services company especially insurance.
Optimal Insurance Company boasts of a team that has proven to be one of the most dynamic, innovative and solution driven in the Zimbabwean insurance industry. Optimal's product offerings include insurance lines for marine and engineering business; financial lines and property insurance; personal lines; cover for casualties as well as accident and health insurance.
Optimal Insurance is unique in that it boast of a strong capital and financial base and support that will grow to unparalleled levels in this market place and beyond.