Insurers need to collate,clean and store voluminous granular data from core insurance and cash system.
Every month, finance teams typically spend considerable time and resources to perform reconciliations between subsidiary ledgers from core system and general ledger for premium,claims, receivables or even bank reconciliations
With vast amounts of granular data, the finance function can identify profitable or onerous products or lines of business and provide timely and actionable insights to the business development sales and marketing teams
Presently, interations with policyholders are mainly condined to the occasional necessities of renewal s and claims.
Whilst growth is imperative, we expect to maintain a balanced motor to non-motor ratio in our mix
A prominent shift in the takaful and insurance industry involves the widespread
adoption of digital technologies to streamline operations, improve efficiency and elevate overall customer satisfaction
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