Beyontec, a global insurance information and technology solutions provider with significant presence in Kuwait, has announced that it has been selected by Gulf Insurance Group Kuwait (gig-Kuwait) to implement the Beyontec Suite, its core solution, across general and group life lines and ERP business.
gig-Kuwait is one of the largest insurers in Kuwait in terms of written and retained premiums in the 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 specialised 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 the Beyontec Suite – a workflow-driven, highly configurable core solution designed to meet the end-to-end operations of its business. Beyontec’s global insurance experience and proven delivery proposition will help gig-Kuwait to improve its operational efficiency, customer service satisfaction and profitability.
Commenting on the partnership, gig-Kuwait CEO Tareq Al Sahhaf said, “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. Implementing the Beyontec Suite with its fully integrated modules across underwriting, claims, billing, reinsurance, accounting, and queries will enable gig-Kuwait to elevate its operations to become truly digital while enhancing overall customer experience.”
Beyontec Solutions DMCC co-founder Vivek Sethia said, “Beyontec is 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.” M