3i Infotech, global provider of IT solutions and services announced selection of PREMIATM, its integrated insurance management solution by Al Safat Takaful Company (STC), a subsidiary of Kuwait’s leading conglomerate, the Al Safwa Group, to automate its general and Non Life insurance business.
STC selected PREMIA for its advanced capabilities to provide seamless integration across all major heads of insurance activity. The solution also allows faster interaction, greater convenience of transaction processing and ease of information access.
“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.
By selecting PREMIA, STC has completed all necessary steps to introduce new products with excellent services, led by a well experienced team.
“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,” added Al-Mansoor
A complete online enterprise insurance management system, PREMIA will enable real-time access to financial and business information - a critical factor to STC’s business growth.
“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. In addition, reconciliation of insurance and accounts will be easier and instantaneous.” said Kalpesh Desai, Chief Operating Officer, 3i Infotech, Europe, Middle East & Africa.
PREMIA has a robust and multi-layered security infrastructure that restricts unauthorised intrusions by controlling access to menus and functions. The integrated modules available under PREMIA will enable STC to capture information related to proposals, policy details and endorsements for its insurance business lines with ease.
“We look forward to assisting progressive growth-oriented Insurance companies in Kuwait such as Al Safat Takaful Company,” he added.
3i Infotech is the winner of the Asia Insurance Industry Award for Service Provider of the Year in 2005 & 2006.
The PREMIA insurance management solutions suite is designed to proficiently perform all the functions of an insurance company such as Underwriting, Policy Administration, Claims Management, Reinsurance and Accounting and is used by some of the most reputable insurance companies in the world.
3i Infotech remains a strong player in the EMEA region and has also achieved the third largest ERP solutions provider status in the Middle East region ranking, according to IDC 2005 results, and has additionally been awarded with the Dubai Quality Awards Programme (DQAP) award.
About 3i Infotech Limited
3i Infotech (www.3i-infotech.com) provides a range of information technology solutions for insurance, banking & finance, e-Governance, manufacturing, and retail & distribution. The company is SEI CMMI Level 5-compliant for its software business and ISO 9001:2000-certified for its Infrastructure Services and Business Process Outsourcing Operations.
Using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, IT infrastructure and disaster recovery solutions. 3i Infotech has a presence across 5 continents and serves customers in 50 countries. 3i Infotech has a representative office in Kazakhstan.
For almost two decades, 3i Infotech has been serving the Middle East and Africa region. 3i Infotech's list of more then 500 customers includes those in the GCC countries, Sudan, East & West Africa, South Africa, Mauritius, the Central Asian Republics and the Mediterranean countries.
