Bahrain: Solidarity Islamic Insurance Co. selects Premia management solution
Bahrain based Solidarity Islamic Insurance Co., a leading Takaful Insurance company in the Middle East, has selected Premia, the integrated insurance management solution from ICICI Infotech to run its operations. The contract between the two companies represented by Mr. Hari Padmanabhan, Executive Director, ICICI Infotech Ltd and Mr. Sameer Al Wazzan, General Manager - General Takaful was signed at Manama, Kingdom of Bahrain.
Premia will power the company's mission of becoming the leading Takaful (Islamic Insurance) company in the region and drive its integration plans when it expands its operations to nine countries worldwide by mid-2006.
Mr. Sameer Al Wazzan, General Manager, General Takaful, Solidarity Bahrain said: “Premia not only proved to be a superior solution but, more importantly, it met all our requirements with a view of the company’s expansion plan in the global distribution network”. When implemented, PREMIA will cater to 50 users across the organization, he pointed.
Speaking on the occasion, Mr. Hari Padmanabhan Executive Director, ICICI Infotech Ltd said: “Premia from ICICI Infotech is used by some of the most recognized names in the global insurance industry. Amongst the Takaful insurance companies, Premia has a dominant share in the regional market.”
This solution suite has been customized to meet the unique requirements of Takaful insurance. Solidarity will get the benefits of such a solution along with our customerisation services that will enable them to meet their company specific requirements thus providing a ‘Future Proof’ solution.”
Premia, the integrated insurance management solution from ICICI Infotech has over 50 customers across Asia, Africa, Central Europe and the Middle East. Designed to take the risk out of insurance, it is an all-inclusive, cost-efficient integrated insurance management solution.
Premia the integrated insurance management solution from ICICI Infotech has over 60 customers across North America, Europe, Middle East, Africa & Asia. Over half the premium written in the Middle East region is supported by the solution.