Muscat Insurance Company selects Beyontec Suite

Beyontec, a leading insurance information and technology firm specialising in providing configurable solutions to the P & C Insurance industry announced that Muscat Insurance Company (MIC), one of the leading insurance companies in Oman selected Beyontec as their preferred technology partner. Beyontec will implement their award-winning insurance solution, Beyontec Suite, for MIC.

After evaluating various available solutions, MIC concluded that the Beyontec Suite, a core solution suite that supports the complete policy lifecycle across wide variety of products, would help MIC achieve their goals to obtain market leadership. Beyontec's proven delivery proposition will also provide MIC with the ability to introduce new products to market quickly.

"After a comprehensive evaluation and selection process that included tender and detailed demonstration of Beyontec Suite, MIC chose Beyontec Suite in order to achieve our vision of becoming Oman's leading Insurance Company. As our Industry is in the process of consolidation, we have set certain ambitious growth plans for our group. It was important for us to select a right technology partner with an established delivery record and industry expertise to help us achieve our objectives," said Philip K Philip, Group CEO at MIC.

"Our workflow-driven Beyontec software, with its fully integrated modules crossing all activities in insurance transactions, will enable Muscat Insurance Company to quickly and completely respond to their Customers. It was a pleasure to meet people as committed to customer care as we are at Beyontec. We warmly welcome Muscat Insurance Company to the Beyontec family and we're looking forward to long-term relationship," added Vivek Sethia, Cofounder at Beyontec Solutions DMCC.

Beyontec Suite supports all lines of insurance business such as general, life and medical, enabling carriers to explore new product offerings and hybrid designs.

Beyontec and Muscat Insurance Company signed a strategic agreement to implement the Beyontec Suite on June 21, 2017.