Bahrain National Holding (BNH) has chosen TCS Bancs for Insurance from Tata Consultancy Services (TCS) as part of its ambitious transformation strategy, according to the vendor.
BNH, a result of the merger between Bahrain Insurance Company and National Insurance Company, provides a wide array of insurance products for both businesses and individuals. The company is now embarking on a comprehensive program to revamp its technology infrastructure to cater to its next-generation customer base.
This transformation will enable the integration of business operations including new business and underwriting, policy administration, claim servicing, agency and commission, product workbench, security, accounting, and reinsurance across all its branches in Bahrain. The system will support the company’s non-life, health, and life insurance operations.
Sameer AlWazzan, CEO of BNH, commented, “TCS Bancs provides us with the flexibility to not only merge two large lines of business but also to develop and introduce new products more quickly. This unification of multiple lines of business will reduce operational and regulatory complexities, significantly enhance efficiency, and foster digital adoption.”
BNH’s portfolio includes Bahrain National Life Assurance Company (offering life and medical insurance), Arabian Shield Cooperative Insurance Company in Saudi Arabia, as well as several Bahrain-based entities, including United Insurance Company, Al Kindi Specialised Hospital, and National Finance House.
