Dammam, 21-10-2024
بِسْمِ ٱللَّهِ ٱلرَّحْمَـٰنِ ٱلرَّحِيمِ
With deep gratitude to Almighty Allah, we are proud to announce that Acess Meditech and Al Sagr Cooperative Insurance have forged a connection delivering Acess Meditech’s flagship Medical and P&C insurance ERP software to a pioneer insurance provider serving the insurance market in KSA. We wish to highlight the effort put in by both teams to make the InsurTech solution quick to market with no compromise in compliance and reliability.
We extend our gratitude to the Team at Al Sagr, The CEO Dr. Yasser Al Harbi, the Board of Directors, the PMO, and the IT Department for their cooperation in the smooth implementation of Acess Meditech’s InsurTech solution in their P&C and Medical Insurance Operations. We hope to forge a long-standing partnership with Al Sagr, delivering excellent service to the insurance market in KSA
The Journey to Implementation
The partnership has seen our internal teams working closely to migrate Al Sagr’s P&C and Medical Insurance operations onto our InsurTech System, successfully implementing an end-to-end solution across the organisation in under three months from the approval date. The solution was quick to market while also maintaining state-of-the-art compliance and utility.
Al Sagr has implemented Acess Meditech’s software offering, centralising their 48+ P&C insurance offerings under a singular hub, optimising insurance processes and enhancing customer satisfaction. Our comprehensive insurance ERP system has a robust suite of features encompassing underwriting, sales, claims, policy management, renewals, reinsurance, accounting, user management and more. Acess Meditech aims to continue empowering Al Sagr continuously by optimising and streamlining processes with our support, customisability, and scaling capabilities.
Our InsurTech System also caters to the medical field, with features built to navigate the intricacies of insurance management in an environment as complex as the healthcare sector. The implementation process involved comprehensive customisation and the implementation of special features built to meet Al Sagr’s needs. With rigorous testing and improvement, we have created a platform to optimise Al Sagr’s insurance operations. Acess Meditech’s InsurTech solutions are fully bilingual, offering Arabic and English, allowing every user, from employee to customer, to easily interact with the system.
Addressing Roadblocks
We have focused on recognising earlier roadblocks for Al Sagr’s teams and have created customised solutions without compromising on being quick to implement. With robust Finance, Accounting, and Reinsurance modules, we have given the teams ERP tools that are built for how they work. Al Sagr’s teams are empowered with tools seamlessly integrated within the Insurance ERP systems, simplifying operations and boosting efficiency. Al Sagr, operating in the KSA market, requires regulatory compliance with local and international regulations. The team at Acess Meditech has taken great care to ensure that the insurance ERP system accommodates these needs, with full compliance with the stipulations of the Insurance Authority.
Comprehensive data migration from an earlier system was a major part of the project. With a special focus on creating a system that made past and present data accessible, we successfully streamlined Al Sagr’s data with no compromise in speed-to-market, giving the team peace of mind regarding customer data accessibility and security.
The implementation process also involved an on-site team from Acess Meditech assisting the technical team at Al Sagr with software expertise and prompt resolutions. The Insurance ERP system resolved a major roadblock for Al Sagr by adding a provision for loadings and discounts. This allowed for flexible pricing that aligned with the requirements of business analysts and their pricing requirements related to different makes and models for motor insurance in particular, boosting operational efficiency at Al Sagr by reducing manual intervention.
The Road Ahead
We aim to equip Al Sagr with updates and add to the Insurance ERP system as time passes, creating a comprehensive solution for end-to-end operations. Acess Meditech is dedicated to providing ever-evolving Insurance ERP software. Our commitment to embracing new technology allows us to serve clients with Insurance Software built for unmatched operational efficiency and customer satisfaction.
About Acess Meditech
Acess Meditech for Communications and Information Technology is a Saudi-based InsureTech provider that provides software solutions to insurance companies across the Globe. Inspired to reduce the burden placed on Underwriters in traditional insurance processes, we began our journey to automate and standardise operations across the insurance process. Our solutions are built to leverage efficient business processes, proprietary re-engineering methods, and technology-driven automation. We are committed to transformative change and delivering real-world results for our clients. With unmatched speed to market and a comprehensive suite of fully customisable features, Acess Meditech gives your company a leg up in the insurance industry.
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