Anoud Technologies LLC (Anoud Tech) , a wholly owned IT subsidiary of QIC Group, the leading insurer in Qatar and the MENA region, was announced as the winner of the prestigious InsurTech of the Year 2023 award in recognition of its outstanding achievements in digital insurance. The award was presented at the 10th Middle East Insurance Industry Awards on November 2023 in Dubai, UAE.
Commenting on this accomplishment, Mr. Salem Al-Mannai, QIC Group CEO said, “We are thrilled that Anoud Tech has been named ‘InsurTech of the Year’, which recognizes the company’s transformative impact on the insurance industry through a technology that aims to strengthen operational resilience and revolutionize insurance administration across the world. Anoud Tech’s win is also a testament to the dedication and commitment of our team in providing clients with innovative products and services”. “
Anoud Tech is a leading international provider of software solutions for the insurance industry. Its best-in-class insurance IT platform called Anoud+ is an integrated end-to-end solution that offers insurers a complete and efficient approach to handle every facet of their insurance programs. Thanks to the utilization of cutting-edge, internet-based technology, it enables access to state-of-the-art risk modeling and reinsurance tools with little to no additional IT expenditure. With the help of Anoud+, a future ready, API-based platform, insurers can easily introduce new products, integrate with their distribution and affinity partners, and increase revenue streams. Anoud+ fully integrates Swiss Re’s industry-leading insurance solutions, Portfolio Insights and CatNet®, to assist insurers in managing their underwriting strategy and tracking their exposure to natural catastrophes.
Established by QIC in 2020 in the Qatar Financial Centre, Anoud Tech accomplishments include being named by ACORD and Alchemy Crew in the 2020 Top Ten Leaders with the greatest current and future ability to change the industry through InsurTech and in 2021 the company was selected by a leading European insurer and by a major insurance group in the Caribbean region for its IT transformation initiatives, becoming the first Qatari company to export internally developed IT solution to insurance companies in Europe and the Caribbean.
Established in close collaboration with Swiss Re, Anoud Tech is a leading IT services company and is helping insurance companies succeed in a rapidly evolving environment. Through its Anoud+ integrated IT solution, insurers have immediate access to a proven, market-leading end-to-end insurance platform, including modules for client relationship management, underwriting, technical accounting, finance, policy and claims management, workflow and document management, business intelligence / reporting, data analytics and reinsurance administration.
Qatar Insurance Company Q.S.P.C (QIC, QIC Group) is a publicly listed insurer with a consistent performance history of over 59 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader and the first digital insurance company in Qatar and a dominant insurer in the GCC and MENA regions. QIC is one of the largest insurance companies in the MENA region in terms of written premium and total assets and is listed on the Qatar Stock Exchange and has a market capitalization in excess of QAR 8 billion.
Comment (0)