Tuesday 11 August 2020

Gulf Insurance Group – Kuwait picks Beyontec Suite

KUWAIT CITY, April 19, 2019

Beyontec, a global insurance information and technology solutions provider, said it has been selected by Gulf Insurance Group Kuwait (gig-Kuwait) to implement its core solution, Beyontec Suite, across the company's general, group life, finance and ERP modules.

A major player in Kuwait and the Middle East region, Beyontec said its global insurance experience and proven delivery proposition will help gig-Kuwait to improve the company’s operational efficiency, customer service satisfaction, and profitability.

The gig-Kuwait is one of the largest insurance companies in Kuwait in terms of written and retained premiums in general life, medical and motor segments.

Established in 2007 as a subsidiary of Gulf Insurance Group (GIG), gig-Kuwait was the first and only local specialized life and health insurance Company in Kuwait.

It maintains its competitive edge through prudent underwriting and product innovation, and the implementation of cutting-edge information technology initiatives where it holds many ‘firsts’ in the region, said the statement from the company.

After a thorough due diligence across products and vendors, gig-Kuwait selected Beyontec as its technology partner to implement its core insurance platform – the Beyontec Suite.

The Kuwait group will implement Beyontec Suite, a workflow driven, highly configurable core solution designed to meet the end-to-end operations of its insurance business.

"Our vision is to be the most admired insurance company in Kuwait. We will accomplish this by investing in people, practices, process and technology, in ways that will add value to our clients," observed gig-Kuwait CEO Tareq Al Sahhaf.

“Implementing Beyontec Suite with its fully integrated modules across underwriting, claims, billing, re-insurance, accounting, and queries will enable gig-Kuwait to elevate its operations to become truly digital while enhancing overall customer experience.” he added.

Vivek Sethia, Co-founder at Beyontec Solutions DMCC, said: "We are delighted to have been chosen as gig-Kuwait‘s transformation partner, which is another great endorsement of our drive to help clients lay the foundations of a successful digital enterprise."

"The transformation roadmap we will develop for gig-Kuwait will enable it to become a true digital enterprise, supported by best-in-class technology and customer services delivery," he added.-TradeArabia News Service


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