Posted on March 16, 2011

SEIB Insurance and Reinsurance LLC (SEIB) has strengthened its presence in the financial services market by utilizing the insurance transaction software Qatarlyst to provide advanced business processing solutions to its growing client base.

SEIB partners now benefit from the decision to adopt Qatarlyst, a new solution developed by the Qatar Financial Centre Authority (QFC Authority) to streamline insurance transactions through the intelligent use of sophisticated yet accessible technology.

Commenting on SEIB’s decision to introduce Qatarlyst, SEIB’s Executive Director Mr. Farid Chedid stated: “Advanced technology is indispensible for any growth plan by any industry. We in SEIB have ambitious plans for our future growth in all aspects of our business. Qatarlyst Solution, being a state-of-the-art technology, fits well into those plans and we are definite Qatarlyst will reflects positively on SEIB customers, shareholders and employees.”

Qatarlyst is a web-based solution accessed via a standard web browser from anywhere in the world, making it both cost-effective and ideal for SEIB transactions. With robust security architecture and the ability to link directly and securely to in-house systems, Qatarlyst offers the flexibility of the web with the stability of high-cost internal systems and architectures.

James Sutherland, Qatarlyst’s Chief Executive Officer, said: "We are delighted that SEIB Insurance has selected Qatarlyst to help them improve efficiency, manage information and control their (re)insurance placement and acceptance activities. SEIB’s decision proves that leading insurance firms have identified Qatarlyst as a trusted business partner offering a winning combination of flexibility and security.”

Licensed by the Qatar Financial Center Regulatory Authority, SEIB Insurance (www.seibinsurance.com) provides tailor made corporate and retail insurance solutions to meet the expectations of its thriving client base in Qatar.

Categories: