First Apex Group

S&T has entered into a strategic partnership in Central and Eastern Europe with FirstApex, a global leader in insurance IT solutions. S&T and FirstApex offer consulting and IT solutions for the entire insurance value chain in 16* CEE countries.
Even as the insurance markets of Western Europe stagnate, and despite the credit crunch, strong growth in the sector in Central and Eastern Europe continues unabated. Previously low insurance penetration rates continue to rise as increasing prosperity and an intensification of savings activity fuel a growing demand for insurance products. To cope, insurance providers have a growing need for country-specific IT solutions.

FirstApex, a SEI CMM Level 4 certified company, is one of the world’s leading providers of core insurance and reinsurance IT solutions. The company is headquartered in Singapore with operations in Europe, India, Japan, China, Korea, and the Middle East. S&T offers the entire portfolio of FirstApex products as a part of its consulting and services portfolio. This enables it to offer integrated and comprehensive solutions for property and casualty insurers, reinsurers, life insurers and group life insurers, as well as pension and health insurers. S&T sees a particular need for FirstApex solutions at companies that want to introduce a new solution of this type and companies that may be running SAP for ERP, but are looking for specialized software for their core business.

* Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, Macedonia, Moldavia, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine.