To manage the company’s policy administration in the digital environment.
Enaya Insurance Company, a leading Insurer in Kuwait, and part of Alghanim Industries, one of the largest privately-owned companies in the region, has selected Beyontec Suite to manage its core Life and Medical Insurance business.
The Kuwait insurance industry is in a growth phase with the introduction of new legislative frameworks and the increase in insurance premium subscriptions. In an intensely competitive business atmosphere, Enaya has stood its ground by virtue of its financial soundness, strategic positioning of its products and superior customer service. Implementing Beyontec Suite will help Enaya Insurance embrace digital and cloud technology in a way that balances the customers’ demands with the need to maintain the business’ healthy margins.
Speaking on the occasion, Mr. Zulfiqar Ahmad, General Manager, Enaya Insurance said “Our future will be built on strong business performance and deep customer trust. To remain successful, we need to evolve rapidly as the market transforms, and that is where we see value in the Beyontec relationship. With implementation of Beyontec Suite, we can now improve our speed-to-market for new products, policy issuance, administration and claims processing, and empower our sales and extended community of partners to do well”.
“We are pleased to be selected as the strategic technology partner by Enaya Insurance,” said Mr. Vivek Sethia, Co-founder at Beyontec Solutions DMCC. “Our solution offers Enaya a workflow-driven insurance administration platform that focuses on the business requirements and addresses all regulatory challenges. Beyontec Suite software, with its fully integrated modules across policy administration, billing and claims, underwriting, re-insurance, accounting, reports and queries, will enable Enaya Insurance to become more efficient across all business lines, while enhancing the overall customer experience,” he added.
The increase in awareness about Life & Medical insurance, the new regulations and the rising disposable incomes will heighten the demand for insurance in Kuwait. Companies that are digitally enabled and agile, with the ability to reach out to customers and manage their expectations, will come out successful. Enaya Insurance has set sail in the right direction with the implementation of Beyontec Suite to revamp its operations and focus on its customers.