An automated motor claim recovery solution is introduced by the partnership of Braxtone and Beyontecto
Beyontec Solutions, an end-to-end technology solutions provider focused on the worldwide Insurance industry, recently entered into a strategic partnership with Braxtone, a leading provider of recovery and professional services for insurance, to offer an extensive automated motor claims recovery solution for insurance companies in Bahrain and the United Arab Emirates.
Intra-company claims recovery has significantly impact on the insurance business due to highly manual, people dependant, time-consuming and non-transparent recovery process adopted by insurers. This often led to missed opportunities for recovery with substantial implications on the insurers overall profitability. The Beyontec and Braxtone partnership is strategically aligned to address the claims recovery challenge faced by the industry and minimise missed recovery opportunities and reduce loss costs.
With over two decades of industry experience and working intimately with regional customers, Beyontec was quick to understand the limitations and pain points in the current recovery process. The company invested early and did exhaustive research and extensive consultations with regional insurers and industry bodies for more than five years, before designing and developing the best-in-class automated recovery portal solution.The claims recovery portal is intended to help insurers review and process recoveries in real-time and make the process more transparent, faster and efficient said Mr. Vivek Sethia, Director and Co-founder of Beyontec Solutions DMCC. Our strategic partnership with Braxtone will enable insurers in UAE and Bahrain to adopt this revolutionary, industry-first recovery solution and protect their cash flows he included.
Talking about the partnership, Mr. Ayman Al-Ajmi, Chief Executive Officer, Braxtone said We have a demonstrated track record in managing professional services across claims recovery and collection services for insurance and reinsurance. This partnership with Beyontec complements our capabilities and service quality, and together we are confident of resolving the industry-wide claims recovery challenges. We carry insurance expertise hand-in-hand with unique service delivery that fundamentally sells itself. We have seen accomplishment in Bahrain and UAE where companies put their trust in Braxtone to manage their claims and portfolios.
The combination of Beyontecs technical capabilities and Braxtones profound client understanding and expertise in insurance, regulatory environments and business procedures are uniquely positioned to deliver a reliable, cost-effective and easy-to-use solution for full visibility and higher process efficiency in claims recovery. Braxtone will also assist Beyontec in localization and further improvements of the solution. The ready-to-start solution is made for the Middle East market and can be coordinated with any core system without making any change to current systems.
