Home / Kuwaiti insurance firm puts premium on automation

Kuwaiti insurance firm puts premium on automation

A leading Islamic insurance firm in Kuwait has announced it is to implement a new integrated insurance management system to help automate its business.

A leading Islamic insurance firm in Kuwait has announced it is to implement a new integrated insurance management system to help automate its business.

Al Safat Takaful Company (STC), a subsidiary of Al Safwa Group, has selected PREMIA from 3i Infotech to automate its general and non-life insurance business.

“Our aim is to become one of Kuwait’s leading Takaful companies in the next few years and to support our aggressive growth plans, we were looking for an innovative insurance risk solution,” said AbdulAziz Al-Mansoor, chairman and managing director, STC.

“3i Infotech’s PREMIA met our criteria for a customised enterprise management solution that can help improve business efficiency and enhance our services to clients.”

PREMIA is a complete online enterprise management solution that enables real time access to financial and business information.

One of the reasons for its selection was to provide seamless integration across all major heads of insurance activity, as well as faster interaction, greater convenience of transaction processing and ease of information access. In addition, it has a multi-layered security infrastructure that restricts unauthorised access by controlling access to menus and functions.

“With PREMIA, STC is well poised to enjoy the benefits of complete transparency to claims filed and claims outstanding, resulting in better performance and faster response time to customer enquiries,” said Kalpesh Desai, chief operating officer, 3i Infotech, Europe, Middle East and Africa.

“In addition, reconciliation of insurance and accounts will be easier and instantaneous.”

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

CHANNEL AWARD 2018