Hyderabad,F-Ins was the insurance solution of choice for Bahrain Kuwait Insurance Corporation.
The Key Business Driver for Bahrain Kuwait Insurance Corporation - was leveraging Technology to meet Changing Business Imperatives. After a stringent evaluation process of global insurance solutions, BKIC identified Fast Forward as its technology partner and selected the powerful F-Ins insurance framework to bring in efficiencies.
Fast Forwards F-Ins solution was chosen to power BKICs robust business lines and has now been deployed successfully.
BKIC launched a global search for the perfect Insurance software and after rigorous evaluation of a slew of global insurance solutions zeroed in on F-Ins from Fast Forward. The exercise had BKIC going through stringent evaluation of a large selection of global insurance solutions from some of the best known companies in the field, followed by detailed conduct of solution demonstrations by the short listed companies. It was F-Ins from Fast Forward Technologies that was eventually selected.
The company embarked on this technology project with Fast Forward for the deployment of F-Ins to further its objective of improving business efficiency and effectiveness through better interaction with regional offices and clients on the one side and a desire for enhanced market penetration, improved decision-making on the other. One that serves best practices and seamlessly offers Underwriting, Claims, Reinsurance, Financial Accounting, Investments, Fixed Assets and HR & Payroll functions.
BKIC has a robust product line that includes General, Fire, Motor, Marine, Casualty, Life & Medical and investment.
The Regional Director, FFT Mr. P S Iyer said For Bahrain Kuwait Insurance Corporation, the choice of an enterprise Insurance platform hinged on factors like flexibility translating into ease of customization, availability of an integration infrastructure with multiple delivery channels and reduced TCO. F-Ins delivered on all of these points along with giving crucial time-to-market advantage and business agility to the company, thus helping script a Insurance success story. The fact that F-Ins was chosen after evaluating the best names in Insurance software in a global hunt for the perfect insurance solution places Fast Forward in a position of strength among global Insurance software providers. I am happy for Fast Forward. It is FFTs strong R&D focus that has set F-Ins apart from the others. Our focus - to keep raising the bar - will continue.
He further states Fast Forward activated its transformation deployment model to roll out F-Ins at BKIC deploying the best insurance domain experts from its Asia Pacific facilities, with the advanced R&D capabilities of its Indian IDC providing state of art methodologies on-site.
About Bahrain Kuwait Insurance Corporation
Bahrain Kuwait Insurance Company BSC (BKIC) is a leading Bahrain based insurance company engaged in providing sophisticated insurance products and services in Bahrain and Kuwait.
Building a state of art IT infrastructure was an extremely critical factor for BKIC to succeed in all its on-going initiatives. For a large Insurance organization like BKIC, what mattered wasnt just a technologically superior and functionally rich solution, but a product which could scale-up and be the vehicle of growth to meet the emerging global challenges in the financial arena. They also wanted to absorb best-in-class processes and practices to help
compete aggressively with players in the international insurance arena.
F-Ins - the sophisticated Insurance solution from Fast Forward not only offered all that, but also the critical time-to market advantage that was so important to BKIC.
We are delighted to partner with Fast Forward and F-Ins
Notes to Editor
About Fast Forward
Fast Forward Technologies specializes in authoring advanced software for the Insurance vertical and is based in India and Singapore. Fast Forwards thrust in developing innovative technologies and creating path breaking business models has often been recognized by industry and governments. Hewlett Packard, The Infocomm Development Authority Singapore, Virtual Reality communications, The CRM Institute, USA are some of the organizations that have collaborated with Fast Forward Technologies.
Fast Forward Technologies, which focuses on authoring futuristic software frameworks for the Insurance sector has been working on the F-Ins software framework for 6 years. The framework, built around intelligent technologies instantly catapults an Insurance company into the digital arena, wiring up all touch point stakeholders into a technology web. The customers, the shareholders, the intermediaries, the agents, the sales force, the financiers, and the employees, once tied in to the framework can experience underwriting services of digital quality.
About F-Ins
Encompassing simplicity across modules, F-Ins is a comprehensive enterprise solution for Property & Casualty, Individual and Group Life, and Health Insurance authored by Fast Forward Technologies. With easy to rollout workflow, F-Ins ships with a repository of ready-to-use reports and supports local languages.
F-Ins is designed to provide a 360-degree view across the enterprise of a multi-site insurance organisation powering performance with its Digital dashboard functions that string together all touch points stakeholders of an insurance play - wiring the customers, brokers, sales force, intermediaries, investors and the IT user group. Both Life, Non-life Insurance Organizations can leverage F-Ins to automate their enterprise and maintain a competitive edge. Its advanced Re-Insurance functionality makes it truly comprehensive. Easy to deploy and train, with an easy customization interface to bridge the need gaps, F-Ins transcends the typical perception of a software tool and has won recognition as a comprehensive technology strategy to propel an insurance company to success in the New Economy
