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Bahrain Kuwait Insurance Company & Takaful International Company announce the signing of the new Core Application System agreement


Bahrain Kuwait Insurance Company B.S.C (brand logo: gig Bahrain) and its subsidiary Takaful International Company B.S.C (brand logo: gig Bahrain-Takaful) announced the signing of an agreement with Tata Consultancy Services to deploy a the latter’s core insurance product, TCS BaNCS for Insurance. 

This initiative comes as part of Bahrain Kuwait Insurance and Takaful International’s joint efforts to adopt the latest automated insurance technology to achieve the companies’ united goals towards digital transformation to maintain their position as market leaders in Bahrain and a vital player in Kuwait. This new system presents a qualitative leap for insurance companies in terms of design and innovation where many advanced operational aspects of insurance processes were considered.

The new system provides a unique experience for all our users, which will increase operational efficiency and enhance the innovative environment within the framework of the two companies' unified strategies for the systematic digital transformation of insurance operations.

Dr. Abdulla Sultan, CEO of Bahrain Kuwait Insurance commented that “It is a pleasure to deal with a leading company in information technology services, such as Tata Consultancy Services, which will help our companies launch a new automated system. Our aim is to provide the best distinguished and most innovative solutions that adequately and comfortably satisfies the requirements of our customers and also achieve the companies digital transformation objectives.


Mr. Essam Al-Ansari, CEO of Takaful International Company, said: "We have always been keen in the company to facilitate the insurance services provided, and from this point of view and our commitment to keep pace with the needs and requirements of the market, the launch of the new automated system will allow us to provide an integrated insurance experience enhanced by the latest technologies and digital solutions which guarantees the satisfaction of all relevant parties, in line with the strategy of our parent and company.


Venkateshwaran Srinivasan, Global Head, TCS Financial Solutions, said, “As leading insurers across the region and in Bahrain take significant steps towards digital transformation, TCS BaNCS for Insurance has emerged as their preferred core platform. We are delighted to partner with Bahrain Kuwait Insurance and Takaful International in charting their transformation journey towards greater agility, improved operational resilience and enhanced customer experience.”