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Browse the items below to find the ways in which we’re making news — with new customers, new product developments, new lines of business, and more.
Azentio Software acquires specialist Insurance technology firm Beyontec
Azentio Software (“Azentio” or the “Company”), a Singapore-headquartered software products business owned by Funds advised by Apax, is pleased to announce that it has signed a binding agreement to acquire Beyontec, a leading insurance technology company. The transaction is conditional on obtaining relevant regulatory approvals.
Beyontec and Ethics Consultancy (ECB) Announce Strategic Partnership in Zimbabwe
Beyontec, a leading insurance technology solutions provider for the global insurance market, and Ethics Consultancy (ECB), an application software and services provider in Zimbabwe, today announced a strategic partnership.
Tamini Insurance Goes Live on Beyontec Suite
Tamini Insurance, the first Islamic insurance company in the Republic of Djibouti, has gone live on the cloud-based Beyontec Suite core insurance solution, to manage its end-to-end General Insurance business.
Ethio Life and General Insurance S.C, Ethiopia, to Drive Digital Transformation with Beyontec Suite
Ethio Life and General Insurance S.C, (ELiG) a leading composite insurer in Ethiopia, providing innovative life and non-life insurance products in the country has signed up Beyontec Suite, a core insurance solution from Beyontec, to transform its operations to digital.
Clements Worldwide to Implement Beyontec Suite to Manage Its Business Operations
Clements Worldwide, a leading global insurer with business across auto, property, health, life, and disability insurance will implement Beyontec Suite as its core insurance solution to improve the operational agility.
New Mexico FAIR Plan Goes Live on Beyontec Suite
New Mexico Fair Plans adopts Beyontec Suite to migrate from legacy to a digitally-enabled environment across.
Al Buhaira National Insurance Company (ABNIC) Goes Live on Beyontec Suite (Motor)
ABNIC moves its motor business operations on Beyontec Suite, a core solutions platform, to improve agility while reducing cost and risks.
ASSAR Selects Beyontec to Implement Platform Ecosystems for Rwanda Insurance Industry
The Insurance Association of Rwanda (ASSAR) selects Beyontec to implement a digital ecosystem of different platform solutions for the insurance industry in Rwanda.
Daman Goes Live on Beyontec Suite (CPQ)
Daman a leading health insurance company in the UAE, providing comprehensive health insurance to more than 3 million members across the country, goes live with the Configuration Pricing Quotation (CPQ) tool of the Beyontec Suite core insurance solution.
Setting a Strategic Course for InsurTech Transformation
Beyontec outlines the three main priorities for COE’s to implement successful digital transformation in Insurance.
Ethiopia Insurance Industry – Digital Transformation 2020
Beyontec and Moti Engineering will host an exclusive CxO conference on Ethiopia Insurance Industry – Digital Transformation 2020 at the Intercontinental Addis Hotel in Addis Ababa, Ethiopia, on March 11, 2020. This event will cover expert knowledge-sharing sessions from CEOs, CIOs, IT heads, finance heads, and risk managers of regional insurance companies, Beyontec experts, and other industry thought leaders.
Beyontec at the Middle East Healthcare Insurance Conference 2020, Oman
Vivek Sethia, Director and Co-founder of Beyontec Solutions will deliver a keynote at the Middle East Healthcare Conference, Oman, 3-4 Mar 2020, where he will stress on the need and relevance for successful collaborative models in healthcare insurance.
How Automation is Digitally Transforming the Insurance Industry
Viewpoint: How automation is digitally transforming the insurance industry by Naresh Kothari, Automation specialist at Beyontec.
Zamara Goes Live on Beyontec Suite
Beyontec Strengthens its African Foot Print. Zamara implements Beyontec Suite to streamline the entire broking business process and to initiate the transformation towards a connected digital enterprise.
Automation in the Insurance Industry
Modernizing core systems helps insurers automate repetitive tasks and positions them for future growth. Read the Beyontec article on “Automation in the Insurance Industry” published by PropertyCasualty306.com.
Beyontec Introduces Cloud-based, Shrink-wrapped Core Insurance Solution for MGAs of Non-Standard Auto
Beyontec introduces the shrink-wrapped version of its successful core insurance solution – the Beyontec Suite — for the non-standard auto Managing General Agents (MGAs).
Beyontec and Braxtone launch the Claims Recovery Platform “Tasweya” in Dubai
Beyontec in partnership with Braxtone launched the revolutionary Claims Recovery Platform “Tasweya” on October 8, 2019 at the InterContinental Dubai – Festival City i. The launch function was attended by CXOs and key decision makers from leading insurers in the region. Beyontec and Braxtone demonstrated the platform features and invited insurers to join the platform.
NAMIC’S 124th Annual Convention, Maryland
Meet us at the upcoming NAMIC’S 124th Annual Convention, to be held between Sep 22 – 25, 2019 at National Harbor, MD. This year NAMIC Annual Convention focuses on educating the reinsurers, brokers, rating agencies and other mutual insurance constituents on emerging technologies impacting their business. Visit the Beyontec booth # 222 and hear our experts talk about real ways to transform mutual insurance business using digital technology. We will be demonstrating our core solution – the Beyontec Suite, our unique accelerators, and several pre-configured automation solutions.
Braxtone Partners Beyontec
Beyontec Solutions recently entered into a strategic partnership with Braxtone to offer a comprehensive automated motor claims recovery solution to address the claims recovery challenges faced by the insurance industry in Bahrain and the United Arab Emirates. This portal solution will help in streamlining intra-company claims recovery process and make the process transparent, efficient and reliable for insurers in the region.
OESAI Conference, Rwanda
Beyontec is pleased to be participating at the 42nd OESAI conference in Kigali, Rwanda to be held on the 25th to the 28th August, 2019. Beyontec will showcase its digital offerings including the core solution – the Beyontec Suite, the accelerator solutions and its pre-configured automation solutions. Beyontec’s participation at the conference will present a unique opportunity for apacn insurers to get a ringside view of how to approach digital transformation.
Beyontec Partners with AJMS Global
Beyontec Solutions and AJMS, a leading accounting, tax and governance, risk & compliance (GRC) consulting firm, have entered into a strategic partnership to develop a comprehensive IFRS 17 solution for the Middle East and apacn insurance industries.
Once developed, this new product can be implemented across General and Life Insurance companies and will have IFRS 17 capabilities across finance and actuarial systems. It will connect data, systems and process environment between finance and actuarial with the ability to meet future accounting challenges.
Motor Best Practices 2019 Seminar
Beyontec will be participating as a speaker and will launch its revolutionary solution – Claims Recovery Platform during the Motor Best Practices 2019 seminar on 26th & 27th June 2019 at Stella Di Mare Hotel, Dubai Marina, Dubai. A centralised platform for insurers to digitize and automate the claims recovery process, this industry-first solution will shrink the processing time while ensuring absolute transparency and compliance between insurers.
Gulf Insurance Group – Kuwait Selects Beyontec Suite to Drive Digital Operations
Gulf Insurance Group – Kuwait (Gig-Kuwait) Selects Beyontec Suite to Drive Digital Operations across general life and group life lines of business. Implementing Beyontec Suite with its fully integrated modules across underwriting, claims, billing, re-insurance, accounting, and queries will enable Gig-Kuwait to elevate its operations to become truly digital while enhancing overall customer experience.
African Insurance Leader Zamara Implements Beyontec Suite to Achieve Digital Transformation
Zamara one of the largest pension fund administrator in Kenya controlling one third of the Kenyan pension fund market implements Beyontec Suite to streamline the entire broking business process across General, Life and Medical lines while eliminating multiple data sources and data redundancy.
Michigan Basic Property Insurance Association (MBPIA) Went Live on Beyontec Suite.
Michigan Basic Property Insurance Association (MBPIA), the Detroit, MI based FAIR Plan with more than five decades in basic property insurance, went live on Beyontec Suite. Having implemented all modules including the agent portal, MBPIA will run its operations using all modules of the Beyontec Suite.