Eskadenia Software enters the Egyptian insurance market

The systems automate and accelerate the processes of creating quotations and issuing policies, as well as managing all reinsurance, endorsement, claim and renewal transactions with full adherence to Takaful and Sharee'a requirements.

The Life Insurance system will also cover group and individual Takaful insurance, whereas the General Insurance system will cover underwriting for all classes of business.

The Eskadenia comprehensive software package will provide a collaborative environment for information management across the company's departments and will allow users to capture up-to-the-minute information whenever required. Moreover, the systems will support real-time integration with the financial modules of Eskadenia® Business Manager, including the General Ledger, Accounts Payable, Accounts Receivable, Human Resources and Payroll modules to maintain the needed financial information and accounts updates.

The software package also provides users with advanced up-to-date reports and statistics to analyse operational performance and make proper decisions.

Developed using Microsoft, net technology and residing on Oracle Database, the web-based systems will allow Egyptian Takaful employees to define insurance products, manage production, and run daily insurance transactions in an efficient and simple manner. Through the systems' location-independent interface, the company can efficiently handle greater volumes of operations and smoothly manage work processes.

"This marks the first project for Eskadenia Software in the Egyptian insurance market and we are very pleased to start with Egyptian Takaful. Our software systems have been enriched with the largest set of advanced insurance functions in the local and regional Insurance practice providing Egyptian Takaful with a strong start for effective operation and customer service. We do hope that this would be just the beginning of many further projects in this new market,"

said Shadi Saadeh, Sales Manager for Enterprise & Insurance Products at Eskadenia Software.