ESKADENIA Software enters the Bahraini Insurance Market and signs with the Saudi National Insurance (SNIC)
02/07/2011
ESKADENIA Software, Amman, Jordan, July - 2011

The Saudi National Insurance Co chose ESKADENIA Software Insurance systems (General Insurance and Financial Insurance) because of its excellent features of creating quotations, issuing policies, endorsements, claims, processing of reinsurance and renewal transactions rapidly and accurately as well as a comprehensive management information system. These flexible and fully integrated systems will better help SNIC manage the full lifecycle of all their General Insurance functions and services, which will contribute actively in aiding SNIC in its total management of its works and services related to general insurance.

The software packages also provides SNIC 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.

Developed using Microsoft .Net technology and residing on Oracle Database, the web-based systems will allow SNIC employees to define insurance products, manage production, 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, through all of its offices and branches in the Kingdom of Bahrain.

ESKADENIA Software Sales Manager Mr. Shadi Saadeh said: “ESKADENIA Software’s continuous success in entering new markets, and expanding its customer base in distinguished insurance companies; points to the high quality of ESKADENIA software solutions and efficient performance in applying and maintaining its systems used by clients."

General Manager of the Saudi National Insurance Company Mr. Khaled Al Sheikh said: "In the framework of our strategic plan to develop the company’s core business in improving customer satisfaction and increasing our market share for 2011, SNIC signed an agreement with word-class software vendor ESKADENIA Software to execute, implement an advanced robust IT solutions for insurance systems that are distinguished by its high flexibility and professionalism."

About SNIC
The Saudi National Insurance Co, based in the Bahrain Kingdom, was established in 1974 and licensed by the Central Bank of Bahrain in 2006 as a registered Bahraini company with a paid up capital of BD 10 million. The Jeddah-based Ibrahim Jafaali and Sons holds 72.5% of SNIC shares, Munich Reinsurance 22.5% and the Zurich Financial Services 5%. SNIC was given long-term BBB credit rating recently in the insurance field from standard and Poor. Such classification reflects the stability of the company as one of the leading strategic firms in the insurance market on the regional level.

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 endeavours as a team to maintain quality and customer respect, build up perseverance, and foster innovation.
For more information, please contact us at PR_communications@eskadenia.com, or visit our site, www.eskadenia.com

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