The contract between the two companies represented by Mr. Hari Padmanabhan, Executive Director, ICICI Infotech Ltd and Mr. Sameer Al Wazzan, General Manager - General Takaful was signed at Manama, Kingdom of Bahrain.
Premia will power the company's mission of becoming the leading Takaful (Islamic Insurance) company in the region and drive its integration plans when it expands its operations to nine countries worldwide by mid-2006.
Says Mr. Sameer Al Wazzan, General Manager, General Takaful, Solidarity Bahrain: "Premia not only proved to be a superior solution but, more importantly, it met all our requirements with a view of the company's expansion plan in the global distribution network". When implemented, PREMIA will cater to 50 users across the organization, he pointed.
Speaking on the occasion, Mr. Hari Padmanabhan Executive Director, ICICI Infotech Ltd said: "Premia from ICICI Infotech is used by some of the most recognized names in the global insurance industry. Amongst the Takaful insurance companies, Premia has a dominant share in the regional market."
This solution suite has been customized to meet the unique requirements of Takaful insurance. Solidarity will get the benefits of such a solution along with our customerisation services that will enable them to meet their company specific requirements thus providing a 'Future Proof' solution."
Premia, the integrated insurance management solution from ICICI Infotech has over 50 customers across Asia, Africa, Central Europe and the Middle East. Designed to take the risk out of insurance, it is an all-inclusive, cost-efficient integrated insurance management solution.
Premia the integrated insurance management solution from ICICI Infotech has over 60 customers across North America, Europe, Middle East, Africa & Asia. Over half the premium written in the Middle East region is supported by the solution.
Solidarity Islamic Insurance & Assurance Co.
Founded in 2003, Solidarity is poised to be a global Insurance company in the World of Islamic Insurance (Takaful) products with an authorized capital of US$300 million and paid up capital of US$100 million. The company will soon commence operations in Saudi Arabia and other Middle Eastern markets.
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Solidarity Bahrain selects Premia insurance solution from ICICI Infotech
- Bahrain: Monday, December 27 - 2004 at 10:36
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Bahrain based Solidarity Islamic Insurance Co., a leading Takaful Insurance company in the Middle East, has selected Premia, the integrated insurance management solution from ICICI Infotech to run its operations.
Mr. Joseph Alapatt, Regional Sales Manager , Mr. Sukirat Singh Kochar, Assistant Vice President, Ms Shanti from KPMG, Mr. Hari Padmanabhan, Executive Director, ICICI Infotech Ltd (sitting), Mr. Jawad Mohammed, Head of IT, Mr. Sameer Al Wazzan, General Manager - General Takaful (sitting) Mr. Abdullah Al Rayes, Head of Marketing and Mr. Gautam Datta, Deputy General Manager, Family Takaful at the signing off ceremony.
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Posted by Christine H. Andersen, Assistant News EditorMonday, December 27 - 2004 at 10:36 UAE local time (GMT+4)
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About ICICI Infotech
ICICI Infotech is a global leader in providing Enterprise Solutions, encompassing ERP II applications, end-to-end business solutions for insurance companies as well as niche banking and IT security solutions, across 40 countries. The company is promoted by the NYSE-listed ICICI Bank, which has an asset base of $25 billion.
For almost two decades now ICICI Infotech has been servicing the Europe, Middle East and Africa region with a strong presence in the GCC countries, Sudan, East Africa, Nigeria, Ghana, Mauritius, Southern Africa, the CIS and the Mediterranean countries. Based at Dubai Internet City, ICICI Infotech (ME and Africa) has an estimated 200 full time sales and experienced implementation consultants operating, directly or through partners, across the central Europe, ME and Africa region.
For more information contact:
Elizabeth Sen/Jaya Joshi/Jai Tolani, Bates PanGulf PR, 04-295 3456 (P), 04- 295 1027 (F)
ICICI Infotech is a global leader in providing Enterprise Solutions, encompassing ERP II applications, end-to-end business solutions for insurance companies as well as niche banking and IT security solutions, across 40 countries. The company is promoted by the NYSE-listed ICICI Bank, which has an asset base of $25 billion.
For almost two decades now ICICI Infotech has been servicing the Europe, Middle East and Africa region with a strong presence in the GCC countries, Sudan, East Africa, Nigeria, Ghana, Mauritius, Southern Africa, the CIS and the Mediterranean countries. Based at Dubai Internet City, ICICI Infotech (ME and Africa) has an estimated 200 full time sales and experienced implementation consultants operating, directly or through partners, across the central Europe, ME and Africa region.
For more information contact:
Elizabeth Sen/Jaya Joshi/Jai Tolani, Bates PanGulf PR, 04-295 3456 (P), 04- 295 1027 (F)
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