Ethio Life and General Insurance reaches agreement with US-based software company to digitise its services

Ethio Life and General Insurance S.C., one of the leading composite insurance service providers in Ethiopia has reached an agreement with Beyontec, a U.S-based software company founded by experts in the insurance industry to provide tech-based solutions specifically tailored for insurance services.

The agreement is for Beyontec to provide their Beyontec Suite services to Ethio Insurance. Ethio Life provides innovative life and non-life insurance products. 

By adopting Beyontec Suite, and the Beyontec portal solutions, Ethio Life and General Insurance S.C company will soon be able to offer the full range of its products online, while managing higher quality risks and improved customer engagements.

Insurers in Ethiopia are rapidly adopting new technology to drive efficiencies through increased digitisation and automation of manual processes such as policy administration, claims, payments, and inter-company transactions.

Speaking on the occasion, Shimeles Giorgis, CEO of Ethio Life and General Insurance S.C., affirmed that his organisation seeks to maintain the current growth track that it is on and provide the highest quality of service to its customers. He also stated that Ethio Insurance aims to become the leading insurance firm in the country and that digitisation is going to be crucial to fulfill this mission. 

To secure the Ethio Insurance account, Beyontec partnered with Moti Engineering, largest information and communication technology solutions provider in Ethiopia, serving all of the banks and financial institutions in Ethiopia.

Business Wire, Yahoo! Finance

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