Beyontec, a global insurance information and technology solutions provider, today announced that it has been chosen by Dhofar Insurance Company (S.A.O.G), a leading insurance provider in the Sultanate of Oman, to implementthe Beyontec Suite,its core solution, across all majorlines of business.
After a thorough due diligence across solutions and vendors, Dhofar Insurance chose Beyontec, which specialises in configurable technology solutions for the global insurance industry, as its technology partner. The company will implement its award winning insurance solution, theBeyontec Suite, a workflow-driven insurance system that caters to the growing and changing needs of the insurance industry in Oman. Beyontec's proven delivery proposition and deep industry experience will provide Dhofar Insurance the agility to respond to market needs by releasing new products more quickly and deploying them in a way that’s compliant with both regulatory mandates as well as customer needs.
“Our success is built on a foundation of shared values and financial strength from providing efficientand coherent services throughout the Sultanate of Oman. With implementation of Beyontec Suite, we are confident that this will create better efficiency, enhance customer service and help us streamline our policy issuance and claims process. The partnership with Beyontec will allow us to ride the wave of the fast-changing technological revolution, which is the one of the pillars of our vision for the future,” said Mr. Majid Al Toky, Chairman of the Board of Directors, Dhofar Insurance Company.
"We are pleased to enter into a strategic technology partnershipwithDhofar Insurance Company,” said Mr. Vivek Sethia, Co-founder at Beyontec Solutions DMCC. "Our customer-centric approach provides for cost-effective insurance administration solutions by focusing on the requirements and business challenges of our clients. Beyontec Suite software with its fully integrated modules across policy, billing and claims administration, underwriting, re-insurance, accounting, reports and queries will enable Dhofar Insurance to embed performance management into operations, become more efficient, while enhancing overall customer experience,” he added.
The regional insurance sector has seenthe emergence of new regional and international players with diversified productsacross all classes of insurance. By adopting future-ready technology like Beyontec Suite, insurers like Dhofar Insurance are poised for greater market momentum and leadership as it enables them to rapidly develop and deploy products, provide consistent customer service, and effectively manage operations and compliance while keeping costs low.
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