ESKADENIA Software enters the Qatari insurance market and signs with SEIB

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Leading regional software provider ESKADENIA Software signed an agreement to deploy its fully fledged Insurance and Enterprise Resource Planning software systems with SEIB Insurance & Reinsurance Company LLC., a joint venture between Sheikh Jabor Bin Yosef Bin Jassim Al Thani and Chedid Capital Holding regional firm.

ESKADENIA Software, Amman, Jordan, January 2010

“We take special pride in securing our first insurance project in Qatar with SEIB Insurance and Reinsurance Company. We will be deploying a number of our most mature software products that have been already running at leading insurance firms in the Middle East and Africa, with the latest versions to be deployed at SEIB”, said Nael Salah, Managing Director and Founder of ESKADENIA Software.

“As a recently established insurance and reinsurance firm, SEIB was looking for a comprehensive IT solution to guarantee efficient automation of its operations from day one. Our software package of integrated insurance, financial, workflow and Document Management systems came as a best fit to the scenario that SEIB had in mind”, added Salah.

The ESKADENIA systems to be deployed are designed to help SEIB manage and automate its operations, reduce operational cost, speed up work, ensure a high level of security and improve customer service.

“SEIB has ambitious plans and needed the technology to assist us implement them. After an extensive search, we have selected ESKADENIA being an end-to-end software solution provider that can target the features needed to help us operate within the regulatory framework of the QFCRA and meet our business objectives”, stated Albert Madendjian, CEO of SEIB Insurance & Reinsurance Company.

The General and Medical Insurance systems will provide a collaborative environment for information management across SEIB and enable users to capture up-to-the-minute information whenever required. The insurance systems, in addition, integrate with the Financial, Human Resources, and Payroll modules of ESKADENIA® Business Manager to maintain the needed information and account updates.

The package comes along with advanced Workflow, Document Management (DMS) and Customer Relationship Management (CRM) systems to complete the automation of SEIB operations in phase two of the project.

The systems will also provide 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 using Oracle Databases, the web-based systems will allow SEIB 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 will be able to efficiently handle greater volumes of operations and smoothly manage work processes.

About SEIB Insurance and Reinsurance Company LLC

SEIB Insurance and Reinsurance Company is a new Qatari company headquartered in Doha and offers insurance and reinsurance services to both corporate and retail clients. SEIB is licensed by the Qatar Financial Center and plans to be a leading Qatar based insurance company. The company is the result of a joint venture between Sheikh Jabor Bin Yosef Bin Jassim Al Thani and Chedid Capital Holding regional firm.

About H.E. Sheikh Jabor Bin Yosef Bin Jassim Al Thani

H.E. Sheikh Jabor is a member of the royal family of Qatar. He is also the chairman and director of several privately established companies in Qatar and a renowned business man.

About Chedid Capital Holding

Chedid Capital Holding is a regional investment company specialised in the insurance and reinsurance industry.

The group was first established in 1998 and has grown since at a compounded annual growth rate of 53 percent over an eleven-year period.

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 Lina Hussein, or visit our site.

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