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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
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
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.”