Manama: – ARIMA Insurance Software has signed an agreement with The Gulf Takaful Insurance Company (KSCC) for the implementation of its Medical and Life Takaful Insurance Software. ARIMA is a software subsidiary of Arab Insurance Group (Arig) specialized in developing and marketing insurance software solutions across the MENA region

The Gulf Takaful Insurance Company (KSCC), was established in 2004 by a group of Investors as an active provider of Shari’a compliant insurance services including health, life, property, and general accident insurance and more. The group includes prominent and reputable business institutions administered by Global Investment House.

The implementation of these two customized software was completed in a rapid time frame due to ARIMA’s bench mark module of speed, accuracy, and affordability. The implementation period also involved training on the functionality and flexibility of the software through workshops conducted by ARIMA’s staff.

The open architecture of the system will not only enable Gulf Takaful to monitor claims, facilitate a fully fledge administration of the Life and the Medical Insurance businesses but also will allow the company to grow in their business operations and product base without any restrictions.

Mr. Nasser Sulaiman Al-Omar, General Manager, Gulf Takaful said, “We are pleased to partner with ARIMA on this critical project and we are very happy with the progress made and applied methodology for the implementation”.

Mr Simon Cox, General Manager, ARIMA said, “It is a great pleasure to welcome Gulf Takaful as the first Takaful Company in our growing clientele. I am also pleased with the record time in which the project was executed. This venture is the first of many hopeful series to follow with Gulf Takaful.”