ESKADENIA Software reinforces its presence in the Saudi Insurance market and deploys insurance software at the Wataniya Insurance Company
19/05/2010
ESKADENIA Software, Amman, Jordan, May 2010

The ESKADENIA systems deployed for the Wataniya Insurance Company are designed to automate the General Insurance lifecycles, reduce operational cost, speed up work, maintain historical data and ensure a high level of security. The systems automate and accelerate the processes of creating quotations and issuing policies, as well as managing all reinsurance, endorsement, claim and renewal transactions, and covers underwriting for all classes of business.

The systems provide a collaborative environment for information management across the company’s departments and allow users to capture up-to-the-minute information whenever required. In addition, the insurance system integrates with the Financial and Human Resources modules of ESKADENIA® Business Manager to maintain the needed information and account updates.

Developed using latest Object-Oriented programming language and Oracle Database, the web-based applications allow the Wataniya Insurance Company employees to define insurance products of multiple classes of business, automatically calculate rates and premiums through the rating engine, and run daily insurance transactions in an efficient and simple manner. Through the systems’ location-independent interface, the company can efficiently handle greater volumes of operations and smoothly manage work processes across a wide range of Wataniya offices in Saudi Arabia.

The software package also provides users with advanced real-time reports and statistics in the form of charts, diagrams and management dash boards to analyse operational performance and support the decision making process.

The Wataniya Insurance Company decided to invest in advanced insurance software systems in order to meet the emerging Saudi Insurance market needs. After a careful evaluation and comparison with the available systems, ESKADENIA's systems were selected as they were able to run complex business scenarios that satisfy our ambitious business needs and future goals”, said Mr. Omar Bilani, Managing Director and CEO of Wataniya Insurance Company.

The signing of this contract with Wataniya Insurance Company is a significant milestone and reference for ESKADENIA Software in Saudi Arabia. We are very proud of this partnership with the Wataniya Insurance Company and of being selected as the supplier of choice for their IT insurance systems from Jordan to the Saudi Market”, said Nael Salah, Managing Director and Founder of ESKADENIA Software.

About Wataniya Insurance Company

Wataniya Insurance Company is a public shareholding company registered in Saudi Arabia. The principal founding shareholders Wataniya Insurance Co. are Saudi National Insurance Co. (27.5%); Saudu Hollandi Bank (20%); and New Re (Subsidiary of Munich Re) (10%).

Wataniya Insurance Company is licensed to deal with general and life insurance and expected to generate minimum turnover of SR 400 million annually.


About ESKADENIA Software

ESKADENIA® Software is active in the design, development and deployment of a range of software products in the Telecommunications, Insurance, Enterprise, Education, and Internet application areas. The company is based in Jordan and has sales activities in Europe, the Middle East and Africa; more than 85% of its sales are exported to the global market. ESKADENIA Software is a product and market-oriented organisation that assists enterprises and promotes businesses by use of highly effective IT strategies, solutions and tools. ESKADENIA Software strongly believes that a company's achievement is based on the success of its Human Resources and the commitment to quality and excellence that each one holds strong to. ESKADENIA Software endeavours as a team to maintain quality and customer respect, build up perseverance, and foster innovation.

For more information, please contact Lina Hussein at PR_Communications@eskadenia.com, or visit our site, www.eskadenia.com
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