Altec has undertaken an insurance project on behalf of Eurolife (affiliated company of the Bank of Cyprus) in order to cover the IT needs of Eurolife''s Group Policies'' line of business. After a scrutinized analysis of the functional requirements set by Eurolife, UN.I.S, Altec''s industry solution for the insurance market, was selected as the most suitable insurance administration system. UN.I.S, at the project''s final phase, will cover all Eurolife''s Group Policies administration aspects, exchanging information with the existing General Ledger System. It is deemed that UN.I.S being utilized as the new administration system, will contribute to Eurolife''s goals accomplishment and to the quality of its services. Altec, realizing the growing business challenges of the Insurance market, has developed and is promoting an integrated solution platform, covering the whole spectrum of the Insurance products (Health, Life (Term, Unit Linked, Pension, Annuity), Group Policies, Property, Motor, Personal Accident, Transport, Vessels, Public liability, Fidelity & Surety, Bank Assurance, etc). It is also worth mentioning that UN.I.S (Unified Insurance Software) platform, integrates unique functional features. It can cover both Life and General Insurance lines of business under the same IT platform, it conforms to the specific needs of every insurance company, it is always updated to the E.U. legislation (current and Solvency II), and finally it can boost productivity lowering at the same time operating costs, following best practiced business rules optimizes production processes, allowing the Insurance Company to manage efficiently its exposure to risk. UN.I.S is a customer-centric solution and at the same time incorporates multilanguage and multicurrency capabilities, in order to cover the needs of innovative companies. UN.I.S, maintained constantly on the edge of technology and updated in terms of current legislation, providing vast parameterization and intervention capabilities to the IT department of an Insurance Company, combines all the advantages of in-house developed software and of a customized ad hoc application.