Al-Buhaira National Insurance Company Selects Beyontec Suite for Managing Comprehensive Policy Lifecycle Solutions

The Al-Buhaira National Insurance team (Photo – AETOSWire)

Dubai, United Arab Emirates, (AETOSWire): Beyontec, a global insurance information and technology firm specialising in providing configurable solutions to the property and casualty insurance industry, today announced that it has been selected by Al-Buhaira National Insurance Company (ABNIC), a leading insurance company in UAE, as its preferred technology partner. ABNIC will implement Beyontec’s award-winning insurance solution across all lines of business.

After evaluating various solutions, ABNIC chose Beyontec Suite to manage the policy lifecycle across a wide variety of products that would help ABNIC achieve its goal to maintain market leadership. Beyontec’s proven delivery proposition will also provide ABNIC with the ability to introduce new products to the market quickly.

Mr. Nader T. Qaddumi, General Manager, Al-Buhaira National Insurance Company stated “ABNIC Being a leader in the insurance industry for more than forty years, we have carved a niche in the UAE market through our innovative and quality products with excellent customer service. With implementation of the Beyontec Suite, we are confident of increasing our operational and business efficiencies to new levels that are more customer centric and responsive as we offer multiple products that cater to specific customer requirements. Beyontec comes with deep industry knowledge and technology that run our business and we are confident we have chosen the right partner”.

“We are pleased to have been chosen as a strategic technology partner by ABNIC for their enterprise-wide, business-critical initiative” said Mr. Vivek Sethia, Co-founder at Beyontec Solutions DMCC. “Our workflow-driven Beyontec Suite software, with its fully integrated modules across policy, billing and claims administration, underwriting, reinsurance, financial accounting, reports and queries will enable ABNIC to efficiently administer and respond to their customers’ unique needs. We look forward to working with ABNIC to drive operational efficiencies and enhance the reliability of their business service” he added.  

As the Middle East insurance industry continues to mature with the introduction of new regulatory requirements and dynamic business needs, insurers willing to invest in innovation and digital technology in Middle East markets will reap significant benefits and Al-Buhaira National Insurance Company is poised to capitalise on the opportunity by adopting advanced technologies like Beyontec suite to revamp its operations and focus on its customers.

About Al-Buhaira National Insurance Company:

Al-Buhaira National Insurance Company (ABNIC) is a leading insurance company in UAE. Having 9 branches across the country, ABNIC underwrites all types of insurance: Property, Engineering, Energy, Liability, Aviation, Marine Hull & Cargo, Group Life, Motor, Travel, Medical, Home and others. ABNIC understands the needs of the customer and customises products which cater to their specific requirements. ABNIC’s goal is to develop and deliver outstanding products, responding to customer requests, and resolve claims quickly and accurately.

About Beyontec Solutions:

Beyontec Solutions is a global insurance solution provider, addressing all aspects of insurance business including general insurance, Takaful, life insurance, medical insurance and insurance broking. The Beyontec Suite is a workflow driven solution designed to provide cost-effective solutions by focusing on customers’ requirements and business challenges. The diverse insurance experience and knowledge has enabled Beyontec to create solutions that incorporate the world’s best insurance practices. Supported by experienced insurance professionals and support centres equipped with secure infrastructure, they provide the best service and support to global insurance companies.