Beyontec, a global insurance information and technology solutions provider with important business presence in Kuwait and Middle East Region today announced that it has been designated by Gulf Insurance Group Kuwait (gig-Kuwait) to implement the Beyontec Suite, its core solution, across General, Group Life, Finance and ERP Modules.
gig-Kuwait is one of the main insurance company in Kuwait in terms of written and retained premiums in general life, medical and motor sections. 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. gig-Kuwait 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.
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. gig-Kuwait will implement Beyontec Suite, a workflow driven, highly configurable core solution designed to meet the end-to-end operations of its insurance business. Beyontec's global insurance experience and proven delivery proposition will help gig-Kuwait to advance the company’s operational competence, customer service fulfilment, and profitability.
“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 customers,” quoted Mr. Tareq Al-Sahhaf, CEO at Gulf Insurance Group – Kuwait. “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.
"Beyontec is pleased 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” said Mr. Vivek Sethia, Co-founder at Beyontec Solutions DMCC. “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 concluded.