Beyontec, which specialises in a wide portfolio of technology solutions for the global insurance industry, will provide Clements – a provider of auto, property, health, life, and disability insurance to US expats and organisations – with a core insurance administration platform that comes with the in-built ability to release new products quickly and to deploy them in a way that is compliant with both regulatory mandates and unique customer needs.
Beyontec's flagship product, the Beyontec Suite, is a cloud-based workflow-driven, highly configurable core solution that allows insurers to elevate operations to become more competitive and independent.
"At Clements, we aspire to be as close to our customers as we can and be able to deliver products meeting their unique needs, wherever they go. With the implementation of Beyontec Suite, we are confident of improving our operational agility and augmenting our ability to offer quote issuance, policy administration, and claims processing services for expat individuals and organisations as they go international," said Tarun Chopra, President and CEO of Clements Worldwide.
"We are pleased to enter into a strategic technology partnership with Clements Worldwide,” said Vivek Sethia, CEO and Co-founder of Beyontec. “Our customer-centric approach enables us to focus on the immediate and future requirements of Clements Worldwide. Beyontec Suite, with its fully integrated solutions across insurance business, will equip Clements to embed performance management into global operations, become more efficient while enhancing overall customer experience."