Kane LPI Solutions Limited acts as TPA on TAKAUD End of Service Benefit Plan
- Bahrain: Thursday, January 31 - 2013 at 15:56
- PRESS RELEASE
Kane LPI Solutions Limited (Kane LPI), a provider of turnkey administration solutions to the Life, Pension and Investment sector, has announced that it was the appointed third party administrator on the recent successful launch of an End of Service Benefit Plan (ESB) by Bahrain-based Takaud Savings and Pensions B.S.C. (c).
Kane LPI worked side by side with TAKAUD throughout the design and delivery of the initial ESB solution. Nar Almeida, Head of Sales and Marketing at Kane LPI, said: "Everything from product development and understanding the impact of product features, through to the tailoring of operational process flows and procedures, was accomplished in sync."
Kane also focused on how functionality and operational processes would affect the various TAKAUD constituents and the user experience.
Commenting on their decision to appointment Kane LPI, Abdallah Kubursi, Chief Executive Officer of TAKAUD, said: "The primary reason was their ability to provide a turnkey administrative solution and platform which would meet the unique demands of our clients. Given the range of new products which we are launching across numerous territories, it was essential that they be able to deliver a comprehensive, flexible, user-friendly web-based platform with full support, in a short timeframe."
Moving forward, Kane LPI will provide ongoing services to TAKAUD's client-base, working with its internal operations and customer experience team. They will also continue working with TAKAUD's product development team to bring to market new and innovative savings and pensions solutions, as well as supporting TAKAUD in their efforts to enter new markets within the MENA region.
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