Bahrain National Holding in insurtech revamp with TCS Bancs
Fun with flags
Bahrain National Holding (BNH) has selected TCS Bancs for Insurance from TCS “as part of its ambitious transformation strategy”, according to the vendor.
BNH – a merged company of formerly Bahrain Insurance Company and National Insurance Company – offers a broad range of insurance products for businesses and individuals. It “has embarked on a programme to re-engineer its technology infrastructure for its next generation customer base”, TCS says.
This transformation will include the enabling of new business and underwriting, policy administration, claim servicing, agency and commission, product workbench and security, and accounting and reinsurance – all within the new system for all its branches spread across the country which will include non-life, health and life operation.
“TCS Bancs offers us the agility to not only merge two large lines of businesses but develop and roll out newer products much faster,” comments CEO of BNH, Sameer AlWazzan.
“This unification of multiple lines of business will reduce operational and regulatory complexity and vastly improve efficiency and lay the foundation for enhanced digital adoption.”
BNH’s portfolio includes Bahrain National Life Assurance Company (life and medical insurance); Arabian Shield Cooperative Insurance Company in Saudi Arabia; and Bahrain-based United Insurance Company, Al Kindi Specialised Hospital, and National Finance House.
