TechnoSys Group – IT Systems
HiQSys Saudi launches AIMSweb Insurance System newer version 11 & announces establishing new subsidiary in Emirates while Sponsoring the 3rd Saudi Insurance Summit
17 March, 2009


"To prove continuous commitment to Saudi Insurance market, HiQSys Saudi, a subsidiary to TechnoSys Group, sponsors the Saudi Insurance summit for the second year" said Mr. Othman Bazian, TechnoSys Group Managing Director.


Mr. Bazian added, "for second year, we are sponsoring the Saudi insurance summit showing our continuous commitment to the market”.


Mr. Ibrahim Qasmieh, TechnoSys Executive Director, elaborated that "During 3rd Saudi Summit, AIMSweb version 11 will be launched. This new version includes new enhancements to Office Collaboration Tools, in addition to developing a new tool, AIMSweb uploader, to upload data in any format to AIMSweb. Also, in this new version, user can attach documents in multiple formats not limited to image file format only”


He added "Since the need for products of Life insurance is expanded drastically in Saudi Market, AIMSweb version 11 has new tools that help users to build their own formulas for actuarial reserves using Actuary Formula Builder, while, to do the needed rating for all products using Rating Formula Engine tool. Also, version 11 now enjoys the availability of Fund Manager and Unit Link Manager for life insurance”


Mr. Bazian explained that after proving the success in Saudi insurance market; other insurance companies in GCC region convinced with AIMSweb solution as a robust insurance automation solution. Therefore, we have just established AIMSweb Solutions Emirates, as a sister company to HiQSys Saudi, to keep up with expansion of insurance market in United Arab Emirates and Arabian Gulf.


About TechnoSys:

TechnoSys Group is a regional IT company established since 1989, and has exclusive focus on insurance automation. TechnoSys Group designed and developed Advanced Insurance Management Suite (AIMSweb) using internet and mobile technologies adapted by Oracle & Java latest technologies.

AIMSweb represents more than 300 man-year cumulative insurance experiences, and runs successfully at well-known insurance references in 12 countries of MENA markets. AIMSweb is used by more than 3000 insurance experts daily in the fields of General, Medical, Life, Reinsurance and others, all in integrated Arabic/Latin web environment. AIMSweb market share is dominant in many countries like Saudi, Qatar, Jordan, Palestine, and many others.

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