Anoud Technologies (Anoud Tech), an IT subsidiary of QIC Group and a provider of software solutions for the insurance industry, has been selected by a leading European insurer and by a prominent insurance group in the Caribbean, for their respective IT transformations.
As part of these multimillion dollar contracts, Anoud Tech, which collaborates closely with Swiss Re, will digitally transform the clients by implementing its integrated insurance solution, Anoud+.
Anoud+ is an end-to-end, integrated solution that provides insurers with an efficient, comprehensive way to manage all aspects of their insurance programs. It requires little or no additional IT investment thanks to the use of advanced, internet-based technology, and offers access to cutting-edge reinsurance tools and risk modelling capabilities. Anoud+ is a modern, open API-based system that enables insurers to accelerate revenue streams by integrating with their distribution and affinity partners and seamlessly launching new products. Swiss Re’s solutions, Portfolio Insights and CATNET, are fully integrated into Anoud+ and help insurers manage their underwriting strategy and monitor their exposure to natural catastrophes.
Salem Al-Mannai, Anoud Tech Chairman and Managing Director, notes: “We are delighted to partner with highly ambitious, customer-oriented insurers in Europe and the Caribbean on their digital transformation. We look forward to collaborating with these clients and helping each of them to rapidly achieve their business objectives, enhance customer experience, and attain a significant competitive advantage over their peers.”
KV Kumar, Anoud Tech CEO, says: “Anoud Tech’s selection by leading insurers in Europe and the Caribbean is 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 our clients to transform their business processes while improving new business originations by streamlining and accelerating policy submission.”