Alahli Takaful Company (ATC) is the Kingdom of Saudi Arabia’s largest provider of Takaful Insurance, a cooperative form of insurance permitted by Sharia Islamic Law. ATC offered two main product lines: life insurance products for individuals including unit-linked investment products, and group life programs for organizations.

ATC distributed group insurance products through a broader set of channels, and they relied upon highly manual processes. With a strategy to grow the business, ATC was looking for a single solution for life and group products that will support their growth across different channels. 

Out of nine companies invited to participate, based on the evaluations and feedback, TCS BaNCS was selected to support life insurance with unit-linked investment products and group life programs.

Read how TCS BaNCS enabled ATC to migrate to a highly-automated, Takaful-compliant insurance solution for life and group programs, delivered across multiple channels, including bancassurance.

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