An in-house engineered unique IT system for all corporate business lines
Dubai, UAE- 11 February, 2015: Union Insurance Company, a leading provider of innovative customer-focused insurance products to individuals and organizations in the region, announced today that it has completed the first phase of Barq, its core IT system, for all its corporate lines of business.
The new system will enhance customer service by enabling faster and standardised issuance of policies, increased accuracy as a result of reducing manual work and shorter response time because of the unified view of customer information across the company.
"The development of our IT system reflects our continued commitment to embracing innovation to boost the company's competitiveness and agility," says Abdul Muttaleb Al Jaedi, Managing Director & Chief Executive Officer of Union Insurance Company. "Thanks to our skilled and experienced IT team, this unique system has improved the operational efficiency of our commercial, life, bancassurance and motor departments."
Barq presents one single multi-line platform for all the insurance products hence allowing for innovation in product and underwriting operations as well as shorter time to market competitive insurance solutions.
"We are proud to support the company's growth plans by replacing the legacy policy system with Barq," says Manikandan TV, Head of Information Technology, Union Insurance. "We plan to launch phase 2 for individual lines this year to further enhance the company's operational excellence."
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About Union Insurance Company
Established in 1998 and listed on the Abu Dhabi Securities Exchange, Union Insurance Company is regulated by the UAE Insurance Authority and has a paid up capital of AED 330.9 million.
For further information, please contact Riham Osama or Iman Mustafa at: +971 4 3787 777 or email: riham.o@unioninsurance.ae or iman.m@unioninsurance.ae
© Press Release 2015
