Qatar-based leading insurer QIC Group’s wholly-owned IT services subsidiary Anoud Technologies (Anoud Tech) has been chosen for IT transformation projects by a leading European insurer and a major insurance firm in the Caribbean region.
According to the statement, Anoud Tech will digitally transform the clients as part of these multimillion-dollar contracts by adopting its comprehensive insurance solution, Anoud +. As a result of these ground-breaking achievement, Anoud Tech became the first Qatari company to sell locally built IT solutions to insurance companies in Europe and the Caribbean.
Founded in close partnership with Switzerland-based leading reinsurance company Swiss Re, Anoud Tech is assisting insurance firms to succeed in a fast-changing market.
Anoud + is an end-to-end, integrated solution that enables insurers to handle all aspects of their insurance programs efficiently and completely.
Salem Al Mannai Chairman & MD Anoud Tech
“Anoud Tech’s selection by leading insurers in Europe and the Caribbean is a testament to its exceptional capabilities in developing cutting-edge insurance IT offerings. Anoud+ is a future-ready solution that addresses the major challenges that insurers are facing in today’s fast-changing marketplace. Anoud + will enable the clients to accelerate revenue generation by achieving integration with distribution partners and seamlessly launching new products.”
As per the reports, insurers can quickly access modules for client relationship management, underwriting, technical accounting, finance, policy and claims management, workflow and document management, business intelligence and reporting, data analytics, and reinsurance administration, through Anoud+.
Further, Swiss Re’s market-leading insurance solutions, Portfolio Insights and CATNet, are completely integrated into Anoud + and allow insurers to manage underwriting strategy and monitor catastrophe exposures.
